EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2015

EARNINGS PER SHARE

Schedule of reconciliation of weighted average shares outstanding

	Three months ended June 30						Six months ended June 30
(In thousands except per share data )	2015			2014			2015			2014
Net (loss) income available for stockholders:	$	(34,055	)	$	63,283		$	(26,507	)	$	102,671
Less:  Dividends paid		(10,837	)		(22,898	)		(33,599	)		(45,883	)
(Over distributed loss) Undistributed earnings	$	(44,892	)	$	40,385		$	(60,106	)	$	56,788
Basic shares outstanding:
Common stock		208,156			211,611			210,195			211,522
Restricted shares of common stock		4,442			3,613			3,391			3,677
		212,598			215,224			213,586			215,199
Diluted shares outstanding:
Common stock		208,156			211,611			210,195			211,522
Dilutive effect of stock based awards		-			1,014			-			1,081
		208,156			212,625			210,195			212,603
Restricted shares of common stock		4,442			3,613			3,391			3,677
		212,598			216,238			213,586			216,280

Schedule of restricted shares excluded from the computation of diluted (loss) earnings per share

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2015		2014		2015		2014
Restricted shares of common stock		835		-		200		-

Schedule of (loss) earnings per share attributable to common stock and restricted shares of common stock

	Three months ended  June 30					Six months ended June 30
	2015			2014		2015			2014
Basic (loss) earnings per share
Common stock	$	(0.16	)	$	0.29	$	(0.12	)	$	0.48
Restricted shares of common stock	$	(0.13	)	$	0.28	$	(0.13	)	$	0.44