EARNINGS PER SHARE (Notes)

12 Months Ended

Dec. 31, 2014

EARNINGS PER SHARE OF COMMON STOCK, BASIC AND DILUTED [Line Items]

Earnings Per Share [Text Block]

7. EARNINGS PER SHARE

The following tables set forth the computation of basic and diluted EPS from continuing operations for the periods indicated:

	Year Ended December 31, 2014
	Income		Shares	Per Share Amount
	(Thousands, except per share amounts)
Basic EPS Calculation
Net income available for common stock	$	109,790	52,364	$	2.10
Diluted EPS Calculation
Effect of dilutive securities	—		582
Net income available for common stock and common stock equivalents	$	109,790	52,946	$	2.07

	Year Ended December 31, 2013
	Income		Shares	Per Share Amount
	(Thousands, except per share amounts)
Basic EPS Calculation
Net income available for common stock	$	99,195	52,319	$	1.90
Diluted EPS Calculation
Effect of dilutive securities	—		—
Net income available for common stock and common stock equivalents	$	99,195	52,319	$	1.90

	Year Ended December 31, 2012
	Income		Shares	Per Share Amount
	(Thousands, except per share amounts)
Basic EPS Calculation
Net income available for common stock	$	96,509	52,319	$	1.84
Diluted EPS Calculation
Effect of dilutive securities	—		—
Net income available for common stock and common stock equivalents	$	96,509	52,319	$	1.84

On January 31, 2014, 51,941,236 shares of our common stock were distributed to ONEOK shareholders in conjunction with the separation. For comparative purposes, and to provide a more meaningful calculation of weighted-average shares outstanding, we have assumed this amount and any shares associated with fully vested stock awards that have not been issued to be outstanding as of the beginning of each period prior to the separation presented in the calculation of weighted-average shares.