v3.7.0.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Potentially dilutive securities, including restricted stock, stock options, and performance units, are excluded from the diluted weighted average shares outstanding computation in periods in which they have an anti-dilutive effect, such as when there is a net loss. The treasury-stock method is used to measure the dilutive impact of restricted stock, stock options outstanding, and performance units. The following table shows the shares that have an anti-dilutive effect and are excluded from the diluted weighted average shares outstanding computations:
 
 
Three Months Ended March 31,
 
 
2017
 
2016
Anti-dilutive shares of restricted common stock
 
3,398,777

 
336,330

 
 
 
 
 
Anti-dilutive shares of stock options outstanding
 
1,866,038

 
235,854

 
 
 
 
 
Anti-dilutive shares of performance units
 
63,025

 
126,050
Schedule of Calculation of Basic and Diluted Loss or Earnings Per Share
The following table sets forth the calculation of basic and diluted loss per share (in thousands, except per share amounts):
 
 
Three Months Ended March 31,
 
 
2017
 
2016
Net loss
 
$
(13,678
)
 
$
(18,427
)
 
 
 
 
 
Basic weighted average common shares outstanding
 
81,992

 
75,757

Add: Dilutive effect of restricted stock
 
—

 
—

Add: Dilutive effect of performance units
 
—

 
—

Diluted weighted average common shares outstanding
 
81,992

 
75,757

 
 
 
 
 
Loss per share:
 
 
 
 
Basic
 
$
(0.17
)
 
$
(0.24
)
Diluted
 
$
(0.17
)
 
$
(0.24
)