Reconciliation of Earnings Per Share (EPS)

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Reconciliation of Earnings Per Share (EPS)

RECONCILIATION OF EARNINGS PER SHARE (EPS)

	Three months ended					Three months ended
(in thousands, except per share amounts)	September 30, 2014					September 30, 2013
	Net			Per Share		Net				Per Share
	Income		Shares	Amount		Income			Shares	Amount
Basic EPS	$	457,251	73,093	$	6.26	$	(19,298	)	72,346	$	(0.27	)
Effect of dilutive securities
Stock options			231						—
Non-vested restricted stock			68						—
Performance share awards			115						—
Diluted EPS	$	457,251	73,507	$	6.22	$	(19,298	)	72,346	$	(0.27	)

In periods of loss, shares that otherwise would have been included in diluted average common shares outstanding are excluded. The Company had 242,560 of excluded shares for the three months ended September 30, 2013.

	Nine months ended					Nine months ended
(in thousands, except per share amounts)	September 30, 2014					September 30, 2013
	Net			Per Share		Net			Per Share
	Income		Shares	Amount		Income		Shares	Amount
Basic EPS	$	502,614	72,861	$	6.90	$	120,461	72,220	$	1.67
Effect of dilutive securities
Stock options			219					41
Non-vested restricted stock			67					10
Performance share awards			91					1
Diluted EPS	$	502,614	73,238	$	6.86	$	120,461	72,272	$	1.67

Energen had the following shares that were excluded from the computation of diluted EPS, as inclusion would be anti-dilutive:

	Three months ended September 30,		Nine months ended September 30,
(in thousands)	2014	2013	2014	2013
Stock options	6	—	6	875
Performance share awards	2	—	4	79