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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2015
EARNINGS PER SHARE  
Schedule of reconciliation of the numerators and denominators of the basic and diluted earnings per share

 

 

Predecessor Company

 

 

 

January 1, 2015

 

For The Three

 

For The Six

 

 

 

to

 

Months Ended

 

Months Ended

 

 

 

January 31, 2015

 

June 30, 2014

 

June 30, 2014

 

 

 

(Dollars In Thousands, Except Per Share Amounts)

 

Calculation of basic earnings per share:

 

 

 

 

 

 

 

Net income

 

$

1,509 

 

$

107,977 

 

$

191,616 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average shares issued and outstanding

 

79,343,253 

 

78,852,583 

 

78,740,416 

 

Issuable under various deferred compensation plans

 

1,109,595 

 

1,126,570 

 

1,054,415 

 

 

 

 

 

 

 

 

 

Weighted shares outstanding - basic

 

80,452,848 

 

79,979,153 

 

79,794,831 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per share:

 

 

 

 

 

 

 

Net income - basic

 

$

0.02 

 

$

1.35 

 

$

2.40 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculation of diluted earnings per share:

 

 

 

 

 

 

 

Net income

 

$

1,509 

 

$

107,977 

 

$

191,616 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted shares outstanding - basic

 

80,452,848 

 

79,979,153 

 

79,794,831 

 

Stock appreciation rights (“SARs”)

 

64,570 

 

492,463 

 

479,430 

 

Issuable under various other stock-based compensation plans

 

935,382 

 

716,327 

 

641,411 

 

Restricted stock units

 

306,487 

 

258,334 

 

245,128 

 

 

 

 

 

 

 

 

 

Weighted shares outstanding - diluted

 

81,759,287 

 

81,446,277 

 

81,160,800 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per share:

 

 

 

 

 

 

 

Net income - diluted

 

$

0.02 

 

$

1.33 

 

$

2.36