Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Notes)

v3.5.0.2
Earnings Per Share (Notes)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table presents a reconciliation of the (loss) earnings and shares used in calculating basic and diluted (loss) earnings per share for the three and six months ended June 30, 2016 and 2015:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(in thousands, except share data)
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
Net (loss) income
$
(16,981
)
 
$
221,501

 
$
(105,911
)
 
$
316,294

Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding
344,336,995

 
364,919,352

 
345,267,094

 
364,775,066

Weighted average restricted stock shares
3,260,960

 
2,154,779

 
3,249,891

 
2,017,393

Basic and diluted weighted average shares outstanding
347,597,955

 
367,074,131

 
348,516,985

 
366,792,459

Basic and Diluted (Loss) Earnings Per Share
$
(0.05
)
 
$
0.60

 
$
(0.30
)
 
$
0.86