Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Notes)

v3.4.0.3
Earnings Per Share (Notes)
 3 Months Ended
Mar. 31, 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 months ended March 31, 2016 and 2015:
 
Three Months Ended
 
March 31,
(in thousands, except share data)
2016
 
2015
Numerator:
 
 
 
Net (loss) income
$
(88,930
)
 
$
94,793

Denominator:
 
 
 
Weighted average common shares outstanding
346,197,193

 
364,629,176

Weighted average restricted stock shares
3,238,822

 
1,878,481

Basic and diluted weighted average shares outstanding
349,436,015

 
366,507,657

Basic and Diluted (Loss) Earnings Per Share
$
(0.25
)
 
$
0.26