XML 61 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Numerator:        
Net income $ 256,347 $ 199,099 $ 422,731 $ 473,134
Net (income) loss attributable to noncontrolling interests (12,701) (13,932) (28,662) (34,840)
Net income available to Arch 243,646 185,167 394,069 438,294
Preferred dividends (10,403) (11,349) (20,840) (22,567)
Loss on redemption of preferred shares 0 0 (2,710) 0
Net income available to Arch common shareholders $ 233,243 $ 173,818 $ 370,519 $ 415,727
Denominator:        
Weighted average common shares outstanding 404,800,421 369,027,702 399,485,135 366,436,407
Series D preferred shares 0 34,432,290 6,677,373 36,349,722
Weighted average common shares outstanding — basic 404,800,421 403,459,992 406,162,508 402,786,129
Effect of dilutive common share equivalents:        
Nonvested restricted shares 1,575,749 4,448,889 1,837,356 4,670,889
Stock options [1] 6,735,035 9,825,057 7,460,892 9,964,878
Weighted average common shares and common share equivalents outstanding — diluted 413,111,205 417,733,938 415,460,756 417,421,896
Earnings per common share:        
Basic (per share) $ 0.58 $ 0.43 $ 0.91 $ 1.03
Diluted (per share) $ 0.56 $ 0.42 $ 0.89 $ 1.00
Stock Options        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of earnings per common share (shares) 5,350,733 1,499,997 5,372,789 2,292,228
[1] Certain stock options were not included in the computation of diluted earnings per share where the exercise price of the stock options exceeded the average market price and would have been anti-dilutive or where, when applying the treasury stock method to in-the-money options, the sum of the proceeds, including unrecognized compensation, exceeded the average market price and would have been anti-dilutive. For the 2018 second quarter and 2017 second quarter, the number of stock options excluded were 5,350,733 and 1,499,997, respectively. For the six months ended June 30, 2018 and 2017, the number of stock options excluded were 5,372,789 and 2,292,228, respectively.