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Earnings (Loss) per Share
 6 Months Ended
Jun. 30, 2013
Earnings (Loss) per Share [Abstract]  
Earnings (Loss) per Share
Note 6 – Earnings (Loss) per Share

Our basic EPS is based on the weighted average number of common shares outstanding, which excludes participating securities of 0.2 million for the six months ended June 30, 2013 and 1.1 million for each of  the three and six months ended June 30, 2012 because they were anti-dilutive due to our reported net loss. Participating securities of 0.1 million were included in our weighted average number of common shares outstanding for the three months ended June 30, 2013. Typically, diluted EPS is based on the weighted average number of common shares outstanding plus common stock equivalents which include certain stock awards, stock options and the dilutive effect of our convertible debt. In accordance with accounting guidance, if we report a net loss from continuing operations then our diluted EPS is computed in the same manner as the basic EPS. In addition if any common stock equivalents are anti-dilutive they are excluded from the calculation. The following includes a reconciliation of the weighted average number of shares; however for the three months ended June 30, 2013 and 2012 common stock equivalents of 126.5 million and 55.4 million, respectively, and for the six months ended June 30, 2013 and 2012 common stock equivalents of 100.3 million and 55.7 million, respectively, were not included because they were anti-dilutive.
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
 
 
 
 
 
2013
 
2012
 
2013
 
2012
 
 
(In thousands, except per share data)
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
Weighted average common shares outstanding
  
337,868
   
202,013
   
285,336
   
201,770
 
Net income (loss)
 
$
12,375
  
$
(273,891
)
 
$
(60,555
)
 
$
(293,446
)
Basic income (loss) per share
 
$
0.04
  
$
(1.36
)
 
$
(0.21
)
 
$
(1.45
)
 
                
Diluted earnings per share:
                
Weighted-average shares - Basic
  
337,868
   
202,013
   
285,336
   
201,770
 
Common stock equivalents
  
1,473
   
-
   
-
   
-
 
 
                
Weighted-average shares - Diluted
  
339,341
   
202,013
   
285,336
   
201,770
 
 
                
Net income (loss)
 
$
12,375
  
$
(273,891
)
 
$
(60,555
)
 
$
(293,446
)
Diluted income (loss) per share
 
$
0.04
  
$
(1.36
)
 
$
(0.21
)
 
$
(1.45
)