Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Notes)

v3.5.0.2
Earnings Per Share (Notes)
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table presents a reconciliation of the earnings (loss) and shares used in calculating basic and diluted earnings (loss) per share for the three and nine months ended September 30, 2016 and 2015:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(in thousands, except share data)
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
117,786

 
$
(34,790
)
 
$
11,875

 
$
281,504

Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding
344,744,917

 
364,979,716

 
345,091,765

 
364,844,032

Weighted average restricted stock shares
2,882,309

 
2,386,257

 
3,126,469

 
2,141,699

Basic and diluted weighted average shares outstanding
347,627,226

 
367,365,973

 
348,218,234

 
366,985,731

Basic and Diluted Earnings (Loss) Per Share
$
0.34

 
$
(0.09
)
 
$
0.03

 
$
0.77