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Earnings (Losses) Per Share (Tables)
 9 Months Ended
Sep. 30, 2014
Earnings (Losses) Per Share  
Earnings (losses) per share computations

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

(In thousands, except per share amounts)

 

BASIC EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (numerator):

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations, net of tax

 

$
102,430

 

$
(90,510

)

$
217,136

 

$
29,825

 

Less: net (income) loss attributable to noncontrolling interest

 
(387

)
(441

)
(1,213

)
(6,154

)

Less: loss on redemption of subsidiary preferred stock

 

—

 

—

 
(1,688

)

—

 

Less: (earnings) losses allocated to unvested shareholders

 
(1,579

)
1,411

 
(3,286

)
671

 

Numerator for basic earnings per share:

 

 

 

 

 

 

 

 

 

Adjusted income (loss) from continuing operations

 

$
100,464

 

$
(89,540

)

$
210,949

 

$
24,342

 

Income (loss) from discontinued operations

 

$
4,005

 

$
(14,430

)

$
4,488

 

$
(34,292

)

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding - basic

 
292,621

 
295,076

 
292,613

 
293,837

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses) per share:

 

 

 

 

 

 

 

 

 

Basic from continuing operations

 

$
0.34

 

$
(0.30

)

$
0.72

 

$
0.08

 

Basic from discontinued operations

 
0.02

 
(0.05

)
0.02

 
(0.11

)

Total Basic

 

$
0.36

 

$
(0.35

)

$
0.74

 

$
(0.03

)

 

 

 

 

 

 

 

 

 

 

DILUTED EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributed to common shareholders

 

$
100,464

 

$
(89,540

)

$
210,949

 

$
24,342

 

Add: effect of reallocating undistributed earnings of unvested shareholders

 
11

 

—

 
25

 

—

 

Adjusted income (loss) from continuing operations attributed to common shareholders

 

$
100,475

 

$
(89,540

)

$
210,974

 

$
24,342

 

Income (loss) from discontinued operations

 

$
4,005

 

$
(14,430

)

$
4,488

 

$
(34,292

)

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding - basic

 
292,621

 
295,076

 
292,613

 
293,837

 

Add: dilutive effect of potential common shares

 
2,384

 

—

 
2,740

 
2,371

 

Weighted-average number of diluted shares outstanding

 
295,005

 
295,076

 
295,353

 
296,208

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses) per share:

 

 

 

 

 

 

 

 

 

Diluted from continuing operations

 

$
0.34

 

$
(0.30

)

$
0.71

 

$
0.08

 

Diluted from discontinued operations

 
0.01

 
(0.05

)
0.02

 
(0.11

)

Total Diluted

 

$
0.35

 

$
(0.35

)

$
0.73

 

$
(0.03

)