Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Schedule of Weighted-Average Number of Shares Outstanding

The following is a calculation of the basic and diluted weighted average shares outstanding for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
	2017	2016
	(In thousands)
Basic weighted average common shares outstanding	233,068	162,922
Dilution effect of stock awards at end of period	3,238	—
Dilution effect of senior convertible notes at end of period(1)	1,594	—
Diluted weighted average common shares outstanding	237,900	162,922

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(1) The Company issued its Senior Convertible Notes in September 2016 (see Note 7 – Long-Term Debt).

Schedule of Common Shares Excluded From Diluted Earnings (Loss) per Share Calculation

The following is a calculation of weighted average common shares excluded from diluted earnings (loss) per share due to the anti-dilutive effect:

	Three Months Ended March 31,
	2017	2016
	(In thousands)
Anti-dilutive effect of stock awards excluded from diluted earnings (loss) per share due to net loss	—	4,668
Anti-dilutive effect of stock awards excluded from diluted earnings (loss) per share calculated using the treasury stock method	2,884	—