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Earnings (Losses) Per Share (Tables)
12 Months Ended
Dec. 31, 2015
Earnings (Losses) Per Share  
Earnings (losses) per share computations

                                                                                                              

 

 

Year Ended December 31,

 

 

 

2015

 

2014

 

2013

 

 

 

(In thousands, except per share amounts)

 

BASIC EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (numerator):

 

 

 

 

 

 

 

Income (loss) from continuing operations, net of tax

 

$

(329,497

)

$

(669,265

)

$

158,341

 

Less: net (income) loss attributable to noncontrolling interest

 

(381

)

(1,415

)

(7,180

)

Less: loss on redemption of subsidiary preferred stock

 

 

(1,688

)

 

Less: (earnings) losses allocated to unvested shareholders

 

7,820

 

10,595

 

(1,277

)

 

 

 

 

 

 

 

 

Numerator for basic earnings per share:

 

 

 

 

 

 

 

Adjusted income (loss) from continuing operations, net of tax - basic

 

$

(322,058

)

$

(661,773

)

$

149,884

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations, net of tax

 

$

(42,797

)

$

21

 

$

(11,179

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding - basic

 

282,982

 

290,694

 

294,182

 

 

 

 

 

 

 

 

 

Earnings (losses) per share:

 

 

 

 

 

 

 

Basic from continuing operations

 

$

(1.14

)

$

(2.28

)

$

0.51

 

Basic from discontinued operations

 

(0.15

)

 

(0.04

)

 

 

 

 

 

 

 

 

Total Basic

 

$

(1.29

)

$

(2.28

)

$

0.47

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DILUTED EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted income (loss) from continuing operations, net of tax - basic

 

$

(322,058

)

$

(661,773

)

$

149,884

 

Add: effect of reallocating undistributed earnings of unvested shareholders

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted income (loss) from continuing operations, net of tax - diluted

 

$

(322,058

)

$

(661,773

)

$

149,884

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations, net of tax

 

$

(42,797

)

$

21

 

$

(11,179

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding - basic

 

282,982

 

290,694

 

294,182

 

Add: dilutive effect of potential common shares

 

 

 

(2,410

)

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding - diluted

 

282,982

 

290,694

 

296,592

 

 

 

 

 

 

 

 

 

Earnings (losses) per share:

 

 

 

 

 

 

 

Diluted from continuing operations

 

$

(1.14

)

$

(2.28

)

$

0.51

 

Diluted from discontinued operations

 

(0.15

)

 

(0.04

)

 

 

 

 

 

 

 

 

Total Diluted

 

$

(1.29

)

$

(2.28

)

$

0.47