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Earnings (Losses) Per Share (Tables)
12 Months Ended
Dec. 31, 2017
Earnings (Losses) Per Share  
Earnings (losses) per share computations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 

 

2017

    

2016

    

2015

 

 

 

    

 

(In thousands, except per share amounts)

 

BASIC EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (numerator):

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations, net of tax

 

 

 

$

(497,114)

 

$

(1,011,244)

 

$

(329,497)

 

Less: net (income) loss attributable to noncontrolling interest

 

 

 

 

(6,178)

 

 

(135)

 

 

(381)

 

Less: (earnings) losses allocated to unvested shareholders

 

 

 

 

13,210

 

 

22,730

 

 

7,820

 

Numerator for basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

$

(490,082)

 

$

(988,649)

 

$

(322,058)

 

Income (loss) from discontinued operations, net of tax

 

 

 

$

(43,519)

 

$

(18,363)

 

$

(42,797)

 

Weighted-average number of shares outstanding - basic

 

 

 

 

280,653

 

 

276,475

 

 

282,982

 

Earnings (losses) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic from continuing operations

 

 

 

$

(1.75)

 

$

(3.58)

 

$

(1.14)

 

Basic from discontinued operations

 

 

 

 

(0.15)

 

 

(0.06)

 

 

(0.15)

 

Total Basic

 

 

 

$

(1.90)

 

$

(3.64)

 

$

(1.29)

 

DILUTED EPS:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

$

(490,082)

 

$

(988,649)

 

$

(322,058)

 

Add: effect of reallocating undistributed earnings of unvested shareholders

 

 

 

 

 —

 

 

 —

 

 

 —

 

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

 

 

 

$

(490,082)

 

$

(988,649)

 

$

(322,058)

 

Income (loss) from discontinued operations, net of tax

 

 

 

$

(43,519)

 

$

(18,363)

 

$

(42,797)

 

Weighted-average number of shares outstanding - basic

 

 

 

 

280,653

 

 

276,475

 

 

282,982

 

Add: dilutive effect of potential common shares

 

 

 

 

 —

 

 

 —

 

 

 —

 

Weighted-average number of shares outstanding - diluted

 

 

 

 

280,653

 

 

276,475

 

 

282,982

 

Earnings (losses) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Diluted from continuing operations

 

 

 

$

(1.75)

 

$

(3.58)

 

$

(1.14)

 

Diluted from discontinued operations

 

 

 

 

(0.15)

 

 

(0.06)

 

 

(0.15)

 

Total Diluted

 

 

 

$

(1.90)

 

$

(3.64)

 

$

(1.29)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Potentially dilutive securities excluded as anti-dilutive

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 

2017

    

2016

    

2015

 

 

    

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Potentially dilutive securities excluded as anti-dilutive

 

 

 

 

4,534

 

 

5,372

 

 

9,459