Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Notes)

v2.4.0.8
Earnings Per Share (Notes)
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted earnings per share, or EPS, for the three months ended March 31, 2014 and 2013:
 
Three Months Ended March 31,
(in thousands, except share data)
2014
 
2013
Numerator:
 
 
 
Net (loss) income from continuing operations
$
(29,145
)
 
$
142,339

Income from discontinued operations
—

 
1,377

Net (loss) income attributable to common stockholders
$
(29,145
)
 
$
143,716

Denominator:
 
 
 
Weighted average common shares outstanding
363,913,721

 
305,259,599

Weighted average restricted stock shares
1,698,169

 
25,323

Basic weighted average shares outstanding
365,611,890

 
305,284,922

Dilutive weighted average warrants
—

 
1,678,789

Diluted weighted average shares outstanding
365,611,890

 
306,963,711

Basic (Loss) Earnings Per Share:
 
 
 
Continuing operations
$
(0.08
)
 
$
0.47

Discontinued operations
—

 
—

Net (loss) income
$
(0.08
)
 
$
0.47

Diluted (Loss) Earnings Per Share:
 
 
 
Continuing operations
$
(0.08
)
 
$
0.47

Discontinued operations
—

 
—

Net (loss) income
$
(0.08
)
 
$
0.47



No warrants were outstanding during the three months ended March 31, 2014; however, during the three months ended March 31, 2013, the weighted average market value per share of the Company’s common stock was above the exercise price of the warrants, making the warrants dilutive.