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

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 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

 

$
(250,879

)

$
102,430

 

$
(168,407

)

$
217,136

 

Less: net (income) loss attributable to noncontrolling interest

 
320

 
(387

)
453

 
(1,213

)

Less: loss on redemption of subsidiary preferred stock

 

—

 

—

 

—

 
(1,688

)

Less: (earnings) losses allocated to unvested shareholders

 
5,834

 
(1,579

)
4,523

 
(3,286

)

 

 

 

 

 

 

 

 

 

 

Numerator for basic earnings per share:

 

 

 

 

 

 

 

 

 

Adjusted income (loss) from continuing operations

 

$
(244,725

)

$
100,464

 

$
(163,431

)

$
210,949

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations

 

$
(45,275

)

$
4,005

 

$
(41,067

)

$
4,488

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding - basic

 
284,112

 
292,621

 
285,186

 
292,613

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses) per share:

 

 

 

 

 

 

 

 

 

Basic from continuing operations

 

$
(0.86

)

$
0.34

 

$
(0.57

)

$
0.72

 

Basic from discontinued operations

 
(0.16

)
0.02

 
(0.15

)
0.02

 

 

 

 

 

 

 

 

 

 

 

Total Basic

 

$
(1.02

)

$
0.36

 

$
(0.72

)

$
0.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DILUTED EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributed to common shareholders

 

$
(244,725

)

$
100,464

 

$
(163,431

)

$
210,949

 

Add: effect of reallocating undistributed earnings of unvested shareholders

 

—

 
11

 

—

 
25

 

 

 

 

 

 

 

 

 

 

 

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

 

$
(244,725

)

$
100,475

 

$
(163,431

)

$
210,974

 

Income (loss) from discontinued operations

 

$
(45,275

)

$
4,005

 

$
(41,067

)

$
4,488

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding - basic

 
284,112

 
292,621

 
285,186

 
292,613

 

Add: dilutive effect of potential common shares

 

—

 
2,384

 

—

 
2,740

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of diluted shares outstanding

 
284,112

 
295,005

 
285,186

 
295,353

 

 

 

 

 

 

 

 

 

 

 

Earnings (losses) per share:

 

 

 

 

 

 

 

 

 

Diluted from continuing operations

 

$
(0.86

)

$
0.34

 

$
(0.57

)

$
0.71

 

Diluted from discontinued operations

 
(0.16

)
0.01

 
(0.15

)
0.02

 

 

 

 

 

 

 

 

 

 

 

Total Diluted

 

$
(1.02

)

$
0.35

 

$
(0.72

)

$
0.73