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

 

 

 

Three Months

 

Nine Months

 

 

 

Ended September 30,

 

Ended September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

(In thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (numerator):

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations, net of tax

 

$

(90,510

)

$

64,489

 

$

29,825

 

$

100,616

 

Less: net (income) loss attributable to noncontrolling interest

 

(441

)

(988

)

(6,154

)

453

 

Less: (earnings) losses allocated to unvested shareholders

 

1,411

 

 

671

 

 

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

 

$

(89,540

)

$

63,501

 

$

24,342

 

$

101,069

 

Income (loss) from discontinued operations, net of tax

 

$

(14,430

)

$

12,155

 

$

(34,292

)

$

35,888

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses) per share:

 

 

 

 

 

 

 

 

 

Basic from continuing operations

 

$

(0.30

)

$

0.22

 

$

0.08

 

$

0.35

 

Basic from discontinued operations

 

(0.05

)

0.04

 

(0.11

)

0.12

 

Total Basic

 

$

(0.35

)

$

0.26

 

$

(0.03

)

$

0.47

 

 

 

 

 

 

 

 

 

 

 

Diluted from continuing operations

 

$

(0.30

)

$

0.22

 

$

0.08

 

$

0.35

 

Diluted from discontinued operations

 

(0.05

)

0.04

 

(0.11

)

0.12

 

Total Diluted

 

$

(0.35

)

$

0.26

 

$

(0.03

)

$

0.47

 

 

 

 

 

 

 

 

 

 

 

Shares (denominator):

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding - basic

 

295,076

 

290,367

 

293,837

 

289,822

 

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

 

 

2,134

 

2,371

 

2,468

 

Weighted-average number of shares outstanding - diluted

 

295,076

 

292,501

 

296,208

 

292,290