The following table presents EPS and diluted EPS for the years
ended December 31, 2014, 2013 and 2012, respectively. These
balances have been retroactively adjusted to give effect to the
Company’s 1-for-436.69219 reverse stock split declared
effective on May 30, 2014, discussed in Note 12.
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Year Ended
December 31, |
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| (in thousands, except per
share data) |
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2014 |
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2013 |
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2012 |
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Earnings (losses):
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Net income (loss) available to common shareholders
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$ |
(67,332 |
) |
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$ |
(22,218 |
) |
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$ |
30,282 |
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Shares:
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Weighted average common shares outstanding
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43,476 |
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37,270 |
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16,123 |
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Dilutive effect of restricted stock units*
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— |
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— |
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— |
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Diluted weighted average shares outstanding
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43,476 |
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37,270 |
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16,123 |
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Income (loss) per share:
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Income (loss) per share—basic and diluted
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$ |
(1.55 |
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$ |
(0.60 |
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$ |
1.88 |
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| * |
Refer to Note 17 for discussion of
restricted stock units granted in June 2014 to certain Company
directors. As net loss was reported for the year ended
December 31, 2014, potentially dilutive awards have not been
included within the calculation of diluted EPS, as they would have
an anti-dilutive effect. |
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