Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.8
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
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 and nine months ended September 30, 2014 and 2013:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in thousands, except share data)
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
Net income (loss) from continuing operations
$
193,590

 
$
(193,599
)
 
$
204,102

 
$
336,361

Income from discontinued operations
—

 
871

 
—

 
3,264

Net income (loss)
$
193,590

 
$
(192,728
)
 
$
204,102

 
$
339,625

Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding
364,339,061

 
364,032,788

 
364,112,043

 
345,046,012

Weighted average restricted stock shares
1,779,805

 
1,024,979

 
1,826,107

 
483,599

Basic weighted average shares outstanding
366,118,866

 
365,057,767

 
365,938,150

 
345,529,611

Dilutive weighted average warrants
—

 
109,225

 
—

 
840,747

Diluted weighted average shares outstanding
366,118,866

 
365,166,992

 
365,938,150

 
346,370,358

Basic Earnings (Loss) Per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.53

 
$
(0.53
)
 
$
0.56

 
$
0.97

Discontinued operations
—

 
—

 
—

 
0.01

Net income (loss)
$
0.53

 
$
(0.53
)
 
$
0.56

 
$
0.98

Diluted Earnings (Loss) Per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.53

 
$
(0.53
)
 
$
0.56

 
$
0.97

Discontinued operations
—

 
—

 
—

 
0.01

Net income (loss)
$
0.53

 
$
(0.53
)
 
$
0.56

 
$
0.98