Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

15. Earnings Per Share

     The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
Numerator for basic and diluted earnings
	per share - net income (loss) attributable
	to common stockholders	$	136,255	$	20,691	$	258,107	$	67,245
Denominator for basic earnings per
	share - weighted average shares		311,117		286,020		299,137		273,148
Effect of dilutive securities:
	Employee stock options		202		196		181		235
	Non-vested restricted shares		505		567		506		417
	Convertible senior unsecured notes		988		1,246		821		1,447
Dilutive potential common shares			1,695		2,009		1,508		2,099
Denominator for diluted earnings per
	share - adjusted weighted average shares		312,812		288,029		300,645		275,247
Basic earnings per share		$	0.44	$	0.07	$	0.86	$	0.25
Diluted earnings per share		$	0.44	$	0.07	$	0.86	$	0.24

The Series I Cumulative Convertible Perpetual Preferred Stock was not included in the calculations as the effect of conversions into common stock was anti-dilutive.