Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Notes)

v3.7.0.1
Earnings Per Share (Notes)
 3 Months Ended
Mar. 31, 2017
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 months ended March 31, 2017 and 2016:
 
Three Months Ended
 
March 31,
(in thousands, except share data)
2017
 
2016
Numerator:
 
 
 
Net income (loss)
$
71,985

 
$
(88,930
)
Denominator:
 
 
 
Weighted average common shares outstanding
345,653,060

 
346,197,193

Weighted average restricted stock shares
2,910,870

 
3,238,822

Basic and diluted weighted average shares outstanding
348,563,930

 
349,436,015

Basic and Diluted Earnings (Loss) Per Share
$
0.21

 
$
(0.25
)