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Reconciliation of Earnings Per Share (EPS)
 9 Months Ended
Sep. 30, 2016
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, 2016
September 30, 2015
 
Net
 
Per Share
Net
 
Per Share
 
Income
Shares
Amount
Loss
Shares
Amount
Basic EPS
$
53,314

97,068

$
0.55

$
(227,904
)
78,742

$
(2.89
)
Effect of dilutive securities
 
 
 
 
 
 
Stock options
 
54

 
 
—

 
Non-vested restricted stock
 
217

 
 
—

 
Performance share awards
 
172

 
 
—

 
Diluted EPS
$
53,314

97,511

$
0.55

$
(227,904
)
78,742

$
(2.89
)
 
Nine months ended
Nine months ended
(in thousands, except per share amounts)
September 30, 2016
September 30, 2015
 
Net
 
Per Share
Net
 
Per Share
 
Loss
Shares
Amount
Loss
Shares
Amount
Basic EPS
$
(113,043
)
93,602

$
(1.21
)
$
(354,925
)
75,125

$
(4.72
)
Effect of dilutive securities
 
 
 
 
 
 
Stock options
 
—

 
 
—

 
Non-vested restricted stock
 
—

 
 
—

 
Performance share awards
 
—

 
 
—

 
Diluted EPS
$
(113,043
)
93,602

$
(1.21
)
$
(354,925
)
75,125

$
(4.72
)


In periods of loss, shares that otherwise would have been included in diluted average common shares outstanding are excluded. The Company had 275,005 of excluded shares for the nine months ended September 30, 2016. The Company had 354,479 and 374,294 of excluded shares for the three months and nine months ended September 30, 2015, respectively.

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)
2016
2015
2016
2015
Stock options
163

114

691

114

Performance share awards
—

120

—

120