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Earnings (Losses) Per Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings (Losses) Per Share  
Earnings (losses) per share computations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

    

September 30,

 

September 30,

 

 

 

    

2017

    

2016

    

2017

    

2016

 

 

(In thousands, except per share amounts)

BASIC EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (numerator):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations, net of tax

 

 

$

(119,285)

 

$

(97,839)

 

$

(382,389)

 

$

(681,048)

 

Less: net (income) loss attributable to noncontrolling interest

 

 

 

(2,113)

 

 

(1,185)

 

 

(5,001)

 

 

990

 

Less: (earnings) losses allocated to unvested shareholders

 

 

 

3,463

 

 

2,698

 

 

10,580

 

 

14,683

 

Numerator for basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

$

(117,935)

 

$

(96,326)

 

$

(376,810)

 

$

(665,375)

 

Income (loss) from discontinued operations, net of tax

 

 

$

(27,134)

 

$

(12,187)

 

$

(43,077)

 

$

(14,097)

 

Weighted-average number of shares outstanding - basic

 

 

 

279,313

 

 

276,707

 

 

278,670

 

 

276,369

 

Earnings (losses) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic from continuing operations

 

 

$

(0.42)

 

$

(0.35)

 

$

(1.35)

 

$

(2.41)

 

Basic from discontinued operations

 

 

 

(0.10)

 

 

(0.04)

 

 

(0.16)

 

 

(0.05)

 

Total Basic

 

 

$

(0.52)

 

$

(0.39)

 

$

(1.51)

 

$

(2.46)

 

DILUTED EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

$

(117,935)

 

$

(96,326)

 

$

(376,810)

 

$

(665,375)

 

Add: effect of reallocating undistributed earnings of unvested shareholders

 

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

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

 

 

$

(117,935)

 

$

(96,326)

 

$

(376,810)

 

$

(665,375)

 

Income (loss) from discontinued operations, net of tax

 

 

$

(27,134)

 

$

(12,187)

 

$

(43,077)

 

$

(14,097)

 

Weighted-average number of shares outstanding - basic

 

 

 

279,313

 

 

276,707

 

 

278,670

 

 

276,369

 

Add: dilutive effect of potential common shares

 

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Weighted-average number of shares outstanding - diluted

 

 

 

279,313

 

 

276,707

 

 

278,670

 

 

276,369

 

Earnings (losses) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted from continuing operations

 

 

$

(0.42)

 

$

(0.35)

 

$

(1.35)

 

$

(2.41)

 

Diluted from discontinued operations

 

 

 

(0.10)

 

 

(0.04)

 

 

(0.16)

 

 

(0.05)

 

Total Diluted

 

 

$

(0.52)

 

$

(0.39)

 

$

(1.51)

 

$

(2.46)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Potentially dilutive securities excluded as anti-dilutive

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

 

September 30,

 

September 30,

 

 

 

 

2017

    

2016

    

2017

    

2016

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Potentially dilutive securities excluded as anti-dilutive

 

 

 

4,484

 

 

5,369

 

 

4,534

 

 

5,388