Reconciliation of Earnings Per Share (EPS)

6 Months Ended

Jun. 30, 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)	June 30, 2015							June 30, 2014
	Net				Per Share			Net				Per Share
	Loss			Shares	Amount			Loss			Shares	Amount
Basic EPS	$	(111,601	)	73,452	$	(1.52	)	$	(7,953	)	72,851	$	(0.11	)
Effect of dilutive securities
Stock options				—							—
Non-vested restricted stock				—							—
Performance share awards				—							—
Diluted EPS	$	(111,601	)	73,452	$	(1.52	)	$	(7,953	)	72,851	$	(0.11	)

	Six months ended							Six months ended
(in thousands, except per share amounts)	June 30, 2015							June 30, 2014
	Net				Per Share			Net			Per Share
	Loss			Shares	Amount			Income		Shares	Amount
Basic EPS	$	(127,021	)	73,143	$	(1.74	)	$	45,363	72,737	$	0.62
Effect of dilutive securities
Stock options				—						165
Non-vested restricted stock				—						48
Performance share awards				—						81
Diluted EPS	$	(127,021	)	73,143	$	(1.74	)	$	45,363	73,031	$	0.62

In periods of loss, shares that otherwise would have been included in diluted average common shares outstanding are excluded. The Company had 351,130 and 312,964 of excluded shares for the three months and six months ended June 30, 2015, respectively. The Company had 337,614 of excluded shares for the three months ended June 30, 2014.

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

	Three months ended June 30,		Six months ended June 30,
(in thousands)	2015	2014	2015	2014
Stock options	6	114	6	114
Performance share awards	120	4	120	68