| Earnings (loss) Per Share ("EPS") |
8. Earnings (loss) Per Share (“EPS”)
For the three and nine months ended September 30, 2015 and 2014, 6,509,775 and 6,540,227, 1,233,385 and 2,083,908, respectively, of stock options, restricted stock awards (“RSAs”), restricted stock units (“RSUs”), and performance share awards (“PSAs”) were excluded from the computation of diluted earnings (loss) per share due to their antidilutive effect.
Basic and diluted earnings (loss) per share follows (in millions, except share data):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2015 |
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2014 |
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2015 |
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2014 |
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Numerator for basic and diluted net income (loss) per
share attributable to the Company's stockholders: |
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Net income (loss) attributable to the Company's
stockholders (1) |
$ |
(224 |
) |
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$ |
32 |
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$ |
(253 |
) |
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$ |
100 |
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Denominator for basic earnings (loss) per share
attributable to the Company's stockholders: |
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Weighted average common shares outstanding |
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107,188,092 |
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107,061,639 |
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107,160,921 |
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107,055,932 |
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Effect of dilutive securities: |
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Dilutive effect of stock-based compensation |
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— |
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563,604 |
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— |
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492,235 |
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Denominator for diluted earnings (loss) per share
attributable to the Company's stockholders |
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107,188,092 |
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107,625,243 |
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107,160,921 |
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107,548,167 |
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Earnings (loss) per share attributable to the Company's
stockholders: |
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Basic |
$ |
(2.09 |
) |
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$ |
0.30 |
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$ |
(2.36 |
) |
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$ |
0.93 |
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Diluted |
$ |
(2.09 |
) |
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$ |
0.30 |
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$ |
(2.36 |
) |
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$ |
0.93 |
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(1) |
Losses are not allocated to nonvested shares in periods that the Company determines that those shares are not obligated to participate in losses. |
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