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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Schedule Of Earnings Per Share
 
 
Income (Loss)
(Numerator)
 
Weighted
Shares
(Denominator)
 
Per-Share
Amount
 
 
(In thousands except per share amounts)
For the six months ended June 30, 2015
 
 
 
 
 
 
Basic earnings (loss) per common share
 
$
(522,743
)
 
49,063

 
$
(10.66
)
Effect of dilutive stock options, restricted stock, and SARs
 

 

 

Diluted earnings (loss) per common share
 
$
(522,743
)
 
49,063

 
$
(10.66
)
For the six months ended June 30, 2014
 
 
 
 
 
 
Basic earnings per common share
 
$
111,305

 
48,568

 
$
2.29

Effect of dilutive stock options, restricted stock, and SARs
 

 
442

 
(0.02
)
Diluted earnings per common share
 
$
111,305

 
49,010

 
$
2.27

Information related to the calculation of earnings per share follows:
 
 
Income (Loss)
(Numerator)
 
Weighted
Shares
(Denominator)
 
Per-Share
Amount
 
 
(In thousands except per share amounts)
For the three months ended June 30, 2015
 
 
 
 
 
 
Basic earnings (loss) per common share
 
$
(274,389
)
 
49,148

 
$
(5.58
)
Effect of dilutive stock options, restricted stock, and stock appreciation rights (SARs)
 

 

 

Diluted earnings (loss) per common share
 
$
(274,389
)
 
49,148

 
$
(5.58
)
For the three months ended June 30, 2014
 
 
 
 
 
 
Basic earnings per common share
 
$
54,360

 
48,642

 
$
1.12

Effect of dilutive stock options, restricted stock, and SARs
 

 
474

 
(0.01
)
Diluted earnings per common share
 
$
54,360

 
49,116

 
$
1.11

Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share
The following table shows the number of stock options and SARs (and their average exercise price) excluded because their option exercise prices were greater than the average market price of our common stock:
 
 
Six Months Ended
 
 
June 30,
 
 
2015
 
2014
Stock options and SARs
 
261,270

 
49,000

Average exercise price
 
$
50.34

 
$
67.83

The following table shows the number of stock options and SARs (and their average exercise price) excluded because their option exercise prices were greater than the average market price of our common stock:
 
 
Three Months Ended
 
 
June 30,
 
 
2015
 
2014
Stock options and SARs
 
259,085

 
24,500

Average exercise price
 
$
50.50

 
$
73.26