XML 72 R21.htm IDEA: XBRL DOCUMENT v3.2.0.727
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE     
The following are computations of basic and diluted earnings per share (in thousands except for per share amounts):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Numerator for basic and diluted earnings per share:
 

 
 

 
 
 
 
Net income
$
10,395

 
$
28,672

 
$
3,306

 
$
37,632

 
 
 
 
 
 
 
 
Denominator:
 

 
 

 
 
 
 
Basic shares outstanding
58,590

 
60,665

 
58,732

 
60,695

Dilutive effect of equity-based compensation awards
120

 
113

 
100

 
127

Dilutive shares outstanding
58,710

 
60,778

 
58,832

 
60,822

 
 
 
 
 
 
 
 
Basic earnings per share:
$
0.18

 
$
0.47

 
$
0.06

 
$
0.62

 
 

 
 

 
 

 
 

Diluted earnings per share:
$
0.18

 
$
0.47

 
$
0.06

 
$
0.62


For the three and six months ended June 30, 2015, the dilutive effect of all then outstanding stock options, restricted stock awards and performance awards is included in the EPS calculations above except for 196,180 of outstanding performance stock awards for which the performance criteria were not attained at that time and 11,075 and 38,171, respectively, restricted stock awards which were excluded from the calculation of diluted earnings per share as their inclusion would have an antidilutive effect. For the three and six months ended June 30, 2014, the dilutive effect of all then outstanding stock options, restricted stock awards and performance awards is included in the EPS calculations above except for 228,000 of outstanding performance stock awards for which the performance criteria were not attained at that time and 5,270 restricted stock awards which were excluded from the calculation of diluted earnings per share as their inclusion would have an antidilutive effect.