Note 10 - Earnings Per Share

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 10 — Earnings per Share

The following table presents the reconciliation of the numerator and denominator for calculating earnings per share from continuing operations:

	Year Ended December 31,
(In thousands, except per share data)	2015			2014		2013
Basic EPS:
Income (loss) from continuing operations	$	(90,828	)	$	79,009	$	52,622
Weighted average number of common shares outstanding		82,722			82,999		85,095
Basic income (loss) from continuing operations per common share	$	(1.10	)	$	0.95	$	0.62
Diluted EPS:
Income (loss) from continuing operations	$	(90,828	)	$	79,009	$	52,622
Assumed conversions of Senior Notes		-			5,091		5,005
Adjusted income (loss) from continuing operations	$	(90,828	)	$	84,100	$	57,627
Weighted average number of common shares outstanding-basic		82,722			82,999		85,095
Add:   Dilutive effect of stock options and restricted stock awards		-			1,733		1,767
Dilutive effect of Senior Notes		-			15,682		15,682
Diluted weighted average number of common shares outstanding		82,722			100,414		102,544
Diluted income (loss) from continuing operations per common share	$	(1.10	)	$	0.84	$	0.56
Stock options and restricted stock excluded from calculation of diluted earnings per share because anti-dilutive for the period		3,884			788		415

For the year ended December 31, 2015, we excluded all potentially dilutive stock options and restricted stock as well as the assumed conversion of the Senior Notes in calculating diluted earnings per share as the effect was anti-dilutive.