v3.8.0.1
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Loss or Earnings Per Share
Basic loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. For purposes of determining diluted loss per share, basic weighted-average common shares outstanding are adjusted to include potentially dilutive securities, including restricted stock, stock options, and performance units. The treasury-stock method is used to measure the dilutive impact of potentially dilutive shares. Potentially dilutive shares 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. Because we have net losses for all periods in the three and nine months ended September 30, 2017, and 2016, all potentially dilutive shares are excluded from the diluted weighted-average common shares outstanding for each of those periods. The following table shows the calculation of basic and diluted loss per share (in thousands, except per share amounts):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Net loss
 
$
(1,908
)
 
$
(18,241
)
 
$
(21,520
)
 
$
(50,066
)
 
 
 
 
 
 
 
 
 
Basic and diluted weighted average common shares outstanding
 
126,602

 
75,872

 
111,768

 
75,883

 
 
 
 
 
 
 
 
 
Basic and diluted loss per share
 
$
(0.02
)
 
$
(0.24
)
 
$
(0.19
)
 
$
(0.66
)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
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 September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Anti-dilutive shares of restricted common stock
 
3,696,891

 
758,060

 
3,269,520

 
524,998

 
 
 
 
 
 
 
 
 
Anti-dilutive shares of stock options outstanding
 
2,326,290

 
218,857

 
2,032,259

 
224,512

 
 
 
 
 
 
 
 
 
Anti-dilutive shares of performance units
 
63,025

 
126,050

 
63,025

 
127,113