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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

For the six months ended

 

June 30,

 

June 30,

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (in thousands)

$

 (488,100)

 

$

 167,454

 

$

 (380,396)

 

$

 304,063

 

 

 

 

 

 

 

 

 

 

 

 

Number of common shares:

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding

 

 348,162,723

 

 

 347,132,830

 

 

 348,081,399

 

 

 346,984,194

Issued upon assumed exercise of outstanding stock options

 

 –  

 

 

 2,583,711

 

 

 –  

 

 

 2,643,537

Effect of issuance of nonvested restricted common stock

 

 –  

 

 

 254,278

 

 

 –  

 

 

 212,313

Weighted average and potential dilutive outstanding(1)

 

 348,162,723

 

 

 349,970,819

 

 

 348,081,399

 

 

 349,840,044

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 (1.40)

 

$

 0.48

 

$

 (1.09)

 

$

 0.88

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

$

 (1.40)

 

$

 0.48

 

$

 (1.09)

 

$

 0.87