(Loss) Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Reconciliation of Net (Loss) Income and Weighted-Average Shares of Common Stock Outstanding for Purposes of Calculating Basic and Diluted Earnings Per Share

The following table is a reconciliation of net (loss) income and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted EPS for the three months ended March 31:

 

     Three Months Ended
March 31,		  
     2015      2014  
    

(In thousands, except

per share data)

  

Numerator:

      

Net (loss) income

    $ (27,326 )     $ 7,440   

Basic EPS Denominator:

      

Common shares outstanding beginning of year

      45,814         46,084   

Weighted shares issued (repurchased) during the period

      (330 )       64   
  

 

 

     

 

 

  

Total weighted average shares outstanding

   45,484      46,148   
  

 

 

     

 

 

  

Diluted EPS Denominator:

Common shares outstanding beginning of year

   45,814      46,084   

Net weighted shares issued (repurchased) during the period

   (330 )    64   

Dilutive effect of stock options and nonvested share awards during the period (1)

   —        689   
  

 

 

     

 

 

  

Total weighted average shares outstanding

   45,484      46,837   
  

 

 

     

 

 

  

(Loss) earnings per share:

Basic

 $ (0.60 )  $ 0.16   

Diluted

   (0.60 )    0.16   

 

(1) Common stock equivalents of approximately 570,000 were excluded from the calculation of diluted earnings per share for the quarter ending March 31, 2015 because their inclusion would reduce the net loss per share.
Number of Stock Options and Nonvested Share-Awards that were Issued or Outstanding but were Excluded in Calculating Diluted Earnings Per Share Because their Effect would have been Anti-Dilutive

The following table represents the number of stock options and nonvested share-awards that were issued or outstanding but excluded in calculating diluted EPS because their effect would have been anti-dilutive for the quarters ended March 31:

 

     Three Months Ended
March 31,		  
     2015      2014  
     (In thousands)  

Stock options

      1,108         641   

Nonvested share-awards

      —           —     
  

 

 

     

 

 

  

Total

   1,108      641