XML 37 R11.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

Basic earnings per share is calculated as net income (loss) attributable to HollyFrontier stockholders divided by the average number of shares of common stock outstanding. Diluted earnings per share assumes, when dilutive, the issuance of the net incremental shares from restricted shares and performance share units. The following is a reconciliation of the denominators of the basic and diluted per share computations for net income (loss) attributable to HollyFrontier stockholders:
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
 
 
(In thousands, except per share data)
Net income (loss) attributable to HollyFrontier stockholders
 
$
(260,453
)
 
$
740,101

 
$
281,292

Participating securities’ (restricted stock) share in earnings
 
1,003

 
2,306

 
820

Net income (loss) attributable to common shares
 
$
(261,456
)
 
$
737,795

 
$
280,472

Average number of shares of common stock outstanding
 
176,101

 
188,731

 
197,243

Effect of dilutive variable restricted shares and performance share units (1)
 
—

 
209

 
185

Average number of shares of common stock outstanding assuming dilution
 
176,101

 
188,940

 
197,428

Basic earnings (loss) per share
 
$
(1.48
)
 
$
3.91

 
$
1.42

Diluted earnings (loss) per share
 
$
(1.48
)
 
$
3.90

 
$
1.42

 
 
 
 
 
 
 
(1) Excludes anti-dilutive restricted and performance share units of:
 
469

 
89

 
356