Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.3.1.900
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2015
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 years ended December 31, 2015, 2014 and 2013:
 
Year Ended
 
December 31,
(in thousands, except share data)
2015
 
2014
 
2013
Numerator:
 
 
 
 
 
Net income from continuing operations
$
492,210

 
$
167,139

 
$
575,040

Income from discontinued operations
—

 
—

 
3,999

Net income
$
492,210

 
$
167,139

 
$
579,039

Denominator:
 
 
 
 
 
Weighted average common shares outstanding
363,055,228

 
364,181,059

 
349,741,902

Weighted average restricted stock shares
2,192,510

 
1,830,796

 
619,925

Basic weighted average shares outstanding
365,247,738

 
366,011,855

 
350,361,827

Dilutive weighted average warrants
—

 
—

 
630,560

Diluted weighted average shares outstanding
365,247,738

 
366,011,855

 
350,992,387

Basic Earnings Per Share:
 
 
 
 
 
Continuing operations
$
1.35

 
$
0.46

 
$
1.64

Discontinued operations
—

 
—

 
0.01

Net income
$
1.35

 
$
0.46

 
$
1.65

Diluted Earnings Per Share:
 
 
 
 
 
Continuing operations
$
1.35

 
$
0.46

 
$
1.64

Discontinued operations
—

 
—

 
0.01

Net income
$
1.35

 
$
0.46

 
$
1.65