Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2016

Reconciliation of Numerators and Denominators of Basic and Diluted Per-Share Computations

A reconciliation of the numerators and the denominators of the basic and diluted per-share computations follows:


	Year Ended December 31,
	2016			2015			2014
	(In thousands, except per share data)
Net (loss) income — basic and diluted (numerator):	$	(372,503	)	$	(274,285	)	$	387,011

Weighted-average shares — basic (denominator):		137,168			137,157			137,473
Dilutive effect of stock-based awards		—			—			50

Weighted-average shares including conversions — diluted (denominator):		137,168			137,157			137,523

(Loss) earnings per share:
Basic	$	(2.72	)	$	(2.00	)	$	2.82

Diluted	$	(2.72	)	$	(2.00	)	$	2.81

Securities Excluded from Computation of Diluted Earning Per Share

The following table sets forth the share effects of stock-based awards excluded from our computations of diluted earnings per share, or EPS, as the inclusion of such potentially dilutive shares would have been antidilutive for the periods presented:


	Year Ended December 31,
	2016		2015		2014
	(In thousands)
Employee and director:
Stock options		7		26		37
SARs		1,505		1,553		1,488
RSUs		704		278		—