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Income (Loss) Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2016
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Net Income (Loss) Per Common Share |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
|  | (Dollars In Thousands, Except Per Share Amounts) |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 133,551 |  |  | $ | (33,763 | ) |  | $ | 133,701 |  |  | $ | (26,697 | )
Adjustments for basic net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividend requirements on Series E Redeemable Preferred |  |  | (7,372 | ) |  |  | — |  |  |  | (22,351 | ) |  |  | — |
Dividend and dividend requirements on Series B Preferred |  |  | (60 | ) |  |  | — |  |  |  | (180 | ) |  |  | (240 | )
Dividend and dividend requirements on Series D Preferred |  |  | (15 | ) |  |  | — |  |  |  | (45 | ) |  |  | (60 | )
Accretion of Series E Redeemable Preferred |  |  | (12,137 | ) |  |  | — |  |  |  | (16,620 | ) |  |  | — |
Net income attributable to participating securities |  |  | (1,920 | ) |  |  | — |  |  |  | (1,718 | ) |  |  | — |
Numerator for basic net income (loss) per common share - net income (loss) attributable to common stockholders |  |  | 112,047 |  |  |  | (33,763 | ) |  |  | 92,787 |  |  |  | (26,997 | )
Dividends on convertible preferred stocks assumed to be converted, if dilutive |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Numerator for diluted net income (loss) per common share |  | $ | 112,047 |  |  | $ | (33,763 | ) |  | $ | 92,787 |  |  | $ | (26,997 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic net income (loss) per common share - weighted- average shares (1) |  |  | 27,075,629 |  |  |  | 22,799,007 |  |  |  | 24,926,471 |  |  |  | 22,741,012 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Dilutive potential common shares |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Denominator for dilutive net income (loss) per common share - adjusted weighted-average shares and assumed conversions |  |  | 27,075,629 |  |  |  | 22,799,007 |  |  |  | 24,926,471 |  |  |  | 22,741,012 |
Basic net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (2.25 | ) |  | $ | (1.60 | ) |  | $ | (4.17 | ) |  | $ | (1.56 | )
Income from discontinued operations, net of taxes |  |  | 6.39 |  |  |  | 0.12 |  |  |  | 7.89 |  |  |  | 0.37 |
Net income (loss) |  | $ | 4.14 |  |  | $ | (1.48 | ) |  | $ | 3.72 |  |  | $ | (1.19 | )
Diluted net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (2.25 | ) |  | $ | (1.60 | ) |  | $ | (4.17 | ) |  | $ | (1.56 | )
Income from discontinued operations, net of taxes |  |  | 6.39 |  |  |  | 0.12 |  |  |  | 7.89 |  |  |  | 0.37 |
Net income (loss) |  | $ | 4.14 |  |  | $ | (1.48 | ) |  | $ | 3.72 |  |  | $ | (1.19 | )
(1) | Excludes the weighted-average shares of unvested restricted stock that are contingently returnable during the three and nine months ended September 30, 2016.
Antidilutive Securities Excluded from Computation of Earnings Per Share | The following weighted-average shares of securities were not included in the computation of diluted net income (loss) per common share as their effect would have been antidilutive:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Convertible preferred stocks |  |  | 916,666 |  |  |  | 916,666 |  |  |  | 916,666 |  |  |  | 916,666 |
Stock options |  |  | 313,853 |  |  |  | 905,257 |  |  |  | 456,618 |  |  |  | 897,690 |
Restricted stock and stock units |  |  | 921,669 |  |  |  | — |  |  |  | 914,956 |  |  |  | — |
Series E Redeemable Preferred - embedded derivative |  |  | 436,323 |  |  |  | — |  |  |  | 449,543 |  |  |  | — |
|  |  | 2,588,511 |  |  |  | 1,821,923 |  |  |  | 2,737,783 |  |  |  | 1,814,356 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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