Earnings (Loss) per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings (Loss) per Share [Abstract]

Calculation of earnings (loss) per share

The following includes a reconciliation of the weighted average number of shares; however for the three months ended June 30, 2014 and 2013 common stock equivalents of 54.5 million and 126.5 million, respectively, and for the six months ended June 30, 2014 and 2013 common stock equivalents of 54.5 million and 100.3 million, respectively, were not included because they were anti-dilutive.

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
	(In thousands, except per share data)
Basic earnings per share:
Net income (loss)	$	45,522	$	12,375	$	105,504	$	(60,555	)
Weighted average common shares outstanding		338,626		337,868		338,419		285,336
Basic income (loss) per share	$	0.13	$	0.04	$	0.31	$	(0.21	)
Diluted earnings per share:
Net income (loss)	$	45,522	$	12,375	$	105,504	$	(60,555	)
Effect of dilutive securities:
2% Convertible Senior Notes		3,049		-		6,098		-
Net income (loss) plus assumed conversions	$	48,571	$	12,375	$	111,602	$	(60,555	)
Weighted-average shares - Basic		338,626		337,868		338,419		285,336
Common stock equivalents		74,855		1,473		74,955		-
Weighted-average shares - Diluted		413,481		339,341		413,374		285,336
Diluted income (loss) per share	$	0.12	$	0.04	$	0.27	$	(0.21	)