XML 91 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

(6) EARNINGS PER SHARE

 

The following table presents the computation of earnings per share for the three- and six-month periods ended June  30, 2013 and 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

For the six months ended

 

June 30,

 

June 30,

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) (in thousands)

$
245,631 

 

$
(405,132)

 

$
373,146 

 

$
(297,428)

 

 

 

 

 

 

 

 

 

 

 

 

Number of common shares:

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding

 
350,448,806 

 

 
348,162,723 

 

 
350,241,768 

 

 
348,081,399 

Issued upon assumed exercise of outstanding stock options

 
386,999 

 

 

–  

 

 
481,528 

 

 

–  

Effect of issuance of nonvested restricted common stock

 
247,002 

 

 

–  

 

 
188,596 

 

 

–  

Weighted average and potential dilutive outstanding(1)

 
351,082,807 

 

 
348,162,723 

 

 
350,911,892 

 

 
348,081,399 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$
0.70 

 

$
(1.16)

 

$
1.07 

 

$
(0.85)

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

$
0.70 

 

$
(1.16)

 

$
1.06 

 

$
(0.85)

 

(1) Options for 1,599,246 shares and 29,251 shares of restricted stock were excluded from the calculation for the three months ended June 30, 2013 because they would have had an antidilutive effect.  Due to the net loss for the three months ended June 30, 2012, options for 1,723,316 shares and 156,047 shares of restricted stock were antidilutive and excluded from the calculation.  Options for 2,079,849 shares and 246,347 shares of restricted stock were excluded from the calculation for the six months ended June 30, 2013 because they would have had an antidilutive effect.  Due to the net loss for the six months ended June 30, 2012, options for 1,783,073 shares and 121,078 shares of restricted stock were antidilutive and excluded from the calculation.