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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Schedule Of Earnings Per Share

 

 

 

 

 

 

 

For the three months ended

 

March 31,

 

2014

 

2013

 

 

 

 

 

 

Net income (in thousands)

$

194,190 

 

$

127,515 

 

 

 

 

 

 

Number of common shares:

 

 

 

 

 

Weighted average outstanding

 

351,222,538 

 

 

350,032,430 

Issued upon assumed exercise of outstanding stock options

 

348,798 

 

 

579,022 

Effect of issuance of nonvested restricted common stock

 

349,608 

 

 

126,857 

Effect of issuance of nonvested performance units

 

64,877 

 

 

–  

Weighted average and potential dilutive outstanding(1)

 

351,985,821 

 

 

350,738,309 

 

 

 

 

 

 

Earnings (loss) per share:

 

 

 

 

 

Basic

$

0.55 

 

$

0.36 

 

 

 

 

 

 

Diluted

$

0.55 

 

$

0.36 

 

(1)

Options for 1,179,914 shares and 29,688 shares of restricted stock were excluded from the calculation for the three months ended March 31, 2014 because they would have had an antidilutive effect.  Options for 2,112,679 shares and 271,674 shares of restricted stock were excluded from the calculation for the three months ended March 31, 2013 because they would have had an antidilutive effect.