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Income (Loss) Per Common Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table summarizes the basic and diluted income (loss) per share calculations (in thousands, except per share amounts):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
Numerator
 
 
 
 
 
 
 
Net income (loss)
$
2,296

 
$
(42,198
)
 
$
(50,317
)
 
$
(89,893
)
Less: Net loss attributable to noncontrolling interest

 
5,216

 

 
20,741

Less: Preferred stock dividends

 

 

 
(1
)
Net income (loss) available to common shareholders
$
2,296

 
$
(36,982
)
 
$
(50,317
)
 
$
(69,153
)
Denominator
 
 
 
 
 
 
 
Basic weighted average common shares
223,056

 
177,125

 
222,847

 
162,656

Restricted stock units (1)
525

 

 

 

Diluted weighted average common shares (1)
223,581

 
177,125

 
222,847

 
162,656

Income (loss) per common share:
 
 
 
 
 
 
 
Basic
$
0.01

 
$
(0.21
)
 
$
(0.23
)
 
$
(0.43
)
Diluted
$
0.01

 
$
(0.21
)
 
$
(0.23
)
 
$
(0.43
)
 
 
 
 
 
 
 
 
 
(1) 
Approximate number of shares of potentially convertible preferred stock to common stock up until the time of conversion on August 26, 2016, unvested restricted stock units and stock to be issued pursuant to the ESPP have been excluded from the computation of diluted income (loss) per share as the effect would be anti-dilutive when the results from operations are at a net loss position.

 
32,977

 
624

 
47,273