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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

15.EARNINGS PER SHARE

Basic earnings per share was computed by dividing net income from continuing operations attributable to common shareholders by the weighted-average number of shares of Common Stock outstanding for each respective period. Diluted earnings per share was calculated by dividing net income from continuing operations attributable to common shareholders by the weighted-average number of shares of Common Stock outstanding and any dilutive Common Stock equivalents, including unvested restricted stock and shares issuable upon exercise of stock options as determined under the “If-Converted” method and also Common Stock warrants as determined under the “Treasury Stock” method.

The following table sets forth basic and diluted income from continuing operations per common share for the three months ended March 31, 2015 and 2014 (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months

 

 

ended March 31,

 

 

2015

 

2014

Numerator:

 

 

 

 

 

 

Net (loss) income

 

$
(79,030)

 

$
1,407 

Denominator:

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 
129,235 

 

 
128,560 

Dilutive impact of stock options and restricted shares

 

 

 —

 

 
1,262 

Dilutive impact of common stock warrants

 

 

 —

 

 
8,534 

Diluted weighted-average shares outstanding

 

 
129,235 

 

 
138,356 

Earnings (loss) per share attributable to continuing operations:

 

 

 

 

 

 

Basic

 

$
(0.61)

 

$
0.01 

Diluted

 

$
(0.61)

 

$
0.01 

 

For the three months ended March 31, 2015, all potential common stock equivalents, including 4.1 million shares of stock options outstanding and 0.3 million shares of restricted stock outstanding, were excluded as the effect would be anti-dilutive. For the three months ended March 31, 2014, the diluted weighted average number of common shares outstanding excluded 0.3 million shares issuable upon exercise of the Company’s stock options because the impact would be anti-dilutive. For the three months ended March 31, 2014, 16.5 million common share equivalents related to the 4.0% Notes were excluded from the dilutive common shares because the impact would be anti-dilutive.