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Earnings (Losses) Per Share (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings (Losses) Per Share  
Earnings (losses) per share computations

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

(In thousands, except per share amounts)

 

BASIC EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (numerator):

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations, net of tax

 

$
(41,890

)

$
65,729

 

$
82,472

 

$
114,706

 

Less: net (income) loss attributable to noncontrolling interest

 
44

 
(253

)
133

 
(826

)

Less: loss on redemption of subsidiary preferred stock

 

—

 
(1,688

)

—

 
(1,688

)

Less: (earnings) losses allocated to unvested shareholders

 
720

 
(974

)
(1,311

)
(1,707

)

 

 

 

 

 

 

 

 

 

 

Numerator for basic earnings per share:

 

 

 

 

 

 

 

 

 

Adjusted income (loss) from continuing operations

 

$
(41,126

)

$
62,814

 

$
81,294

 

$
110,485

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations

 

$
5,025

 

$
(1,032

)

$
4,208

 

$
483

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding - basic

 
286,085

 
297,984

 
285,723

 
297,097

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses) per share:

 

 

 

 

 

 

 

 

 

Basic from continuing operations

 

$
(0.14

)

$
0.21

 

$
0.28

 

$
0.37

 

Basic from discontinued operations

 
0.01

 

—

 
0.02

 

—

 

 

 

 

 

 

 

 

 

 

 

Total Basic

 

$
(0.13

)

$
0.21

 

$
0.30

 

$
0.37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DILUTED EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributed to common shareholders

 

$
(41,126

)

$
62,814

 

$
81,294

 

$
110,485

 

Add: effect of reallocating undistributed earnings of unvested shareholders

 

—

 

—

 
5

 

—

 

 

 

 

 

 

 

 

 

 

 

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

 

$
(41,126

)

$
62,814

 

$
81,299

 

$
110,485

 

Income (loss) from discontinued operations

 

$
5,025

 

$
(1,032

)

$
4,208

 

$
483

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding - basic

 
286,085

 
297,984

 
285,723

 
297,097

 

Add: dilutive effect of potential common shares

 

—

 
2,997

 
978

 
2,919

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of diluted shares outstanding

 
286,085

 
300,981

 
286,701

 
300,016

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses) per share:

 

 

 

 

 

 

 

 

 

Diluted from continuing operations

 

$
(0.14

)

$
0.21

 

$
0.28

 

$
0.37

 

Diluted from discontinued operations

 
0.01

 

—

 
0.02

 

—

 

 

 

 

 

 

 

 

 

 

 

Total Diluted

 

$
(0.13

)

$
0.21

 

$
0.30

 

$
0.37