Earnings (Losses) Per Share (Tables)

9 Months Ended

Sep. 30, 2018

Earnings (Losses) Per Share

Earnings (losses) per share computations

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2018		2017		2018		2017
	(In thousands, except per share amounts)
BASIC EPS:
Net income (loss) (numerator):
Income (loss) from continuing operations, net of tax		$	(93,710)	$	(119,285)	$	(432,512)	$	(382,389)
Less: net (income) loss attributable to noncontrolling interest			(6,934)		(2,113)		(10,426)		(5,001)
Less: preferred stock dividends			(4,313)		—		(7,993)		—
Less: accrued distribution on redeemable noncontrolling interest in subsidiary			(2,146)		—		(6,668)		—
Less: distributed and undistributed earnings allocated to unvested shareholders			(432)		3,463		(1,375)		10,580
Numerator for basic earnings per share:
Adjusted income (loss) from continuing operations, net of tax - basic		$	(107,535)	$	(117,935)	$	(458,974)	$	(376,810)
Income (loss) from discontinued operations, net of tax		$	(13,933)	$	(27,134)	$	(14,592)	$	(43,077)
Weighted-average number of shares outstanding - basic			350,194		279,313		329,118		278,670
Earnings (losses) per share:
Basic from continuing operations		$	(0.31)	$	(0.42)	$	(1.39)	$	(1.35)
Basic from discontinued operations			(0.04)		(0.10)		(0.05)		(0.16)
Total Basic		$	(0.35)	$	(0.52)	$	(1.44)	$	(1.51)
DILUTED EPS:
Adjusted income (loss) from continuing operations, net of tax - basic		$	(107,535)	$	(117,935)	$	(458,974)	$	(376,810)
Add: effect of reallocating undistributed earnings of unvested shareholders			—		—		—		—
Adjusted income (loss) from continuing operations, net of tax - diluted		$	(107,535)	$	(117,935)	$	(458,974)	$	(376,810)
Income (loss) from discontinued operations, net of tax		$	(13,933)	$	(27,134)	$	(14,592)	$	(43,077)
Weighted-average number of shares outstanding - basic			350,194		279,313		329,118		278,670
Add: dilutive effect of potential common shares			—		—		—		—
Weighted-average number of shares outstanding - diluted			350,194		279,313		329,118		278,670
Earnings (losses) per share:
Diluted from continuing operations		$	(0.31)	$	(0.42)	$	(1.39)	$	(1.35)
Diluted from discontinued operations			(0.04)		(0.10)		(0.05)		(0.16)
Total Diluted		$	(0.35)	$	(0.52)	$	(1.44)	$	(1.51)

Potentially dilutive securities excluded as anti-dilutive

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2018		2017		2018		2017
	(In thousands)
Potentially dilutive securities excluded as anti-dilutive			4,354		4,484		4,488		4,534