Reconciliation of Earnings Per Share (EPS)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Reconciliation of Earnings Per Share (EPS)

RECONCILIATION OF EARNINGS PER SHARE (EPS)

	Three months ended							Three months ended
(in thousands, except per share amounts)	March 31, 2015							March 31, 2014
	Net				Per Share			Net			Per Share
	Loss			Shares	Amount			Income		Shares	Amount
Basic EPS	$	(15,420	)	72,830	$	(0.21	)	$	53,316	72,629	$	0.73
Effect of dilutive securities
Stock options				—						296
Non-vested restricted stock				—						44
Performance share awards				—						76
Diluted EPS	$	(15,420	)	72,830	$	(0.21	)	$	53,316	73,045	$	0.73

In periods of loss, shares that otherwise would have been included in diluted average common shares outstanding are excluded. The Company had 284,150 of excluded shares for the three months ended March 31, 2015.

Energen had the following shares that were excluded from the computation of diluted EPS, as inclusion would be anti-dilutive:

	Three months ended March 31,
(in thousands)	2015	2014
Stock options	—	112
Performance share awards	—	68