The following sets forth the computation of basic and diluted earnings per share under the two-class method:
|
|
|
Three Months Ended |
|
|
Period from |
|
|
(Thousands, except per share data) |
|
September 30, 2015 |
|
|
April 24 - September 30, 2015 |
|
|
Basic earnings per share: |
|
|
|
|
|
|
|
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
9,403 |
|
|
$ |
17,704 |
|
|
Less: Income allocated to participating securities |
|
|
(430 |
) |
|
|
(755 |
) |
|
Net income applicable to common shares |
|
$ |
8,973 |
|
|
$ |
16,949 |
|
|
Denominator: |
|
|
|
|
|
|
|
|
|
Basic weighted-average common shares outstanding |
|
|
149,834 |
|
|
|
149,831 |
|
|
Basic earnings per common share |
|
$ |
0.06 |
|
|
$ |
0.11 |
|
|
|
|
Three Months Ended |
|
|
Period from |
|
|
(Thousands, except per share data) |
|
September 30, 2015 |
|
|
April 24 - September 30, 2015 |
|
|
Diluted earnings per share: |
|
|
|
|
|
|
|
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
9,403 |
|
|
$ |
17,704 |
|
|
Less: Income allocated to participating securities |
|
|
(430 |
) |
|
|
(755 |
) |
|
Net income applicable to common shares |
|
$ |
8,973 |
|
|
$ |
16,949 |
|
|
Denominator: |
|
|
|
|
|
|
|
|
|
Basic weighted-average common shares outstanding |
|
|
149,834 |
|
|
|
149,831 |
|
|
Effect of dilutive non-participating securities |
|
|
- |
|
|
|
- |
|
|
Weighted-average shares for dilutive earnings per common share |
|
|
149,834 |
|
|
|
149,831 |
|
|
Dilutive earnings per common share |
|
$ |
0.06 |
|
|
$ |
0.11 |
|
|