Reconciliation of Earnings Per Share (EPS)

9 Months Ended

Sep. 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)	September 30, 2015							September 30, 2014
	Net				Per Share			Net			Per Share
	Loss			Shares	Amount			Income		Shares	Amount
Basic EPS	$	(227,904	)	78,742	$	(2.89	)	$	457,251	73,093	$	6.26
Effect of dilutive securities
Stock options				—						231
Non-vested restricted stock				—						68
Performance share awards				—						115
Diluted EPS	$	(227,904	)	78,742	$	(2.89	)	$	457,251	73,507	$	6.22

	Nine months ended							Nine months ended
(in thousands, except per share amounts)	September 30, 2015							September 30, 2014
	Net				Per Share			Net			Per Share
	Loss			Shares	Amount			Income		Shares	Amount
Basic EPS	$	(354,925	)	75,125	$	(4.72	)	$	502,614	72,861	$	6.90
Effect of dilutive securities
Stock options				—						219
Non-vested restricted stock				—						67
Performance share awards				—						91
Diluted EPS	$	(354,925	)	75,125	$	(4.72	)	$	502,614	73,238	$	6.86

In periods of loss, shares that otherwise would have been included in diluted average common shares outstanding are excluded. The Company had 354,479 and 374,294 of excluded shares for the three months and nine months ended September 30, 2015, respectively.

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

	Three months ended September 30,		Nine months ended September 30,
(in thousands)	2015	2014	2015	2014
Stock options	114	6	114	6
Performance share awards	120	2	120	4