Earnings Per Share

6 Months Ended

Jun. 30, 2015

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				Six Months Ended
		June 30,				June 30,
		2015		2014		2015		2014
Numerator for basic and diluted earnings
	per share - net income (loss) attributable
	to common stockholders	$	312,573	$	71,829	$	503,373	$	121,851

Denominator for basic earnings per
	share - weighted average shares		350,399		296,256		343,624		293,046
Effect of dilutive securities:
	Employee stock options		153		191		176		170
	Non-vested restricted shares		471		472		444		506
	Convertible senior unsecured notes		343		1,076		379		868
Dilutive potential common shares			967		1,739		999		1,544
Denominator for diluted earnings per
	share - adjusted weighted average shares		351,366		297,995		344,623		294,590

Basic earnings per share		$	0.89	$	0.24	$	1.46	$	0.42
Diluted earnings per share		$	0.89	$	0.24	$	1.46	$	0.41

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.