Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

8.    Earnings Per Share

Basic earnings per share (“EPS”) is computed by dividing net income attributable to Amkor common stockholders by the weighted average number of common shares outstanding during the period. The weighted average number of common shares outstanding includes restricted shares held by retirement eligible recipients and is reduced for treasury stock. We grant restricted shares which entitle recipients to voting and nonforfeitable dividend rights from the date of grant therefore our unvested share-based compensation awards are considered participating securities and are included in the computation of EPS pursuant to the two-class method.

Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period. Dilutive potential common shares include outstanding stock options, unvested restricted shares and convertible debt. The following table summarizes the computation of basic and diluted EPS:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2014			2013			2014			2013
	(In thousands, except per share data)
Net income attributable to Amkor	$	47,097		$	25,349		$	117,251		$	68,458
Income allocated to participating securities	(149		)	(155		)	(383		)	(511		)
Net income available to Amkor common stockholders — basic	46,948			25,194			116,868			67,947
Adjustment for dilutive securities on net income:
Net income reallocated to participating securities	—			7			9			78
Interest on 6.0% convertible notes due 2014, net of tax	—			907			1,039			8,533
Net income attributable to Amkor — diluted	$	46,948		$	26,108		$	117,916		$	76,558
Weighted average shares outstanding — basic	236,337			216,499			228,733			176,839
Effect of dilutive securities:
Stock options	1,172			12			841			13
6.0% convertible notes due 2014	—			18,632			7,098			58,267
Weighted average shares outstanding — diluted	237,509			235,143			236,672			235,119
Net income attributable to Amkor per common share:
Basic	$	0.20		$	0.12		$	0.51		$	0.38
Diluted	0.20			0.11			0.50			0.33

The following table summarizes the potential shares of common stock that were excluded from diluted EPS, because the effect of including these potential shares was antidilutive:

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2014	2013	2014	2013
	(In thousands)
Stock options and restricted share awards	1,139	4,951	1,344	5,152