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Earnings (Losses) Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Earnings (Losses) Per Share  
Earnings (losses) per share computations

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

(In thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (numerator):

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations, net of tax

 

$

29,259

 

$

(98,653

)

$

126,431

 

$

43,965

 

Less: net (income) loss attributable to noncontrolling interest

 

(5,616

)

1,174

 

(5,713

)

1,441

 

Less: earnings allocated to unvested shareholders

 

74

 

 

(740

)

 

Adjusted income (loss) from continuing operations - basic and diluted

 

$

23,717

 

$

(97,479

)

$

119,978

 

$

45,406

 

Income (loss) from discontinued operations, net of tax

 

$

(28,004

)

$

24,690

 

$

(25,958

)

$

15,895

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses) per share:

 

 

 

 

 

 

 

 

 

Basic from continuing operations

 

$

0.08

 

$

(0.34

)

$

0.41

 

$

0.16

 

Basic from discontinued operations

 

(0.09

)

0.09

 

(0.09

)

0.05

 

Total Basic

 

$

(0.01

)

$

(0.25

)

$

0.32

 

$

0.21

 

 

 

 

 

 

 

 

 

 

 

Diluted from continuing operations

 

$

0.08

 

$

(0.34

)

$

0.41

 

$

0.16

 

Diluted from discontinued operations

 

(0.09

)

0.09

 

(0.09

)

0.05

 

Total Diluted

 

$

(0.01

)

$

(0.25

)

$

0.32

 

$

0.21

 

 

 

 

 

 

 

 

 

 

 

Shares (denominator):

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding - basic

 

294,747

 

290,311

 

293,217

 

289,550

 

Net effect of dilutive stock options, warrants and restricted stock awards based on the if-converted method

 

2,372

 

 

2,427

 

2,635

 

Weighted-average number of shares outstanding - diluted

 

297,119

 

290,311

 

295,644

 

292,185