XML 22 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Net Income (Loss) Per Share (Notes)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
  Net Income (Loss) Per Share

The following table sets forth the computation of Net Income (Loss) Per Share for the three-month and nine-month periods ended September 30, 2017 and 2016 (in thousands, except per share data):
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2017
 
2016
 
2017
 
2016
Numerator for Basic and Diluted Earnings Per Share -
 
 
 
 
 
 
 
Net Income (Loss)
$
100,541

 
$
(190,000
)
 
$
152,111

 
$
(954,334
)
Denominator for Basic Earnings Per Share -
 

 
 

 
 

 
 

Weighted Average Shares
574,783

 
547,838

 
574,370

 
547,295

Potential Dilutive Common Shares -
 

 
 

 
 

 
 

Stock Options/SARs
1,451

 
—

 
1,518

 
—

Restricted Stock/Units and Performance Units/Stock
2,502

 
—

 
2,565

 
—

Denominator for Diluted Earnings Per Share -
 

 
 

 
 

 
 

Adjusted Diluted Weighted Average Shares
578,736

 
547,838

 
578,453

 
547,295

Net Income (Loss) Per Share
 

 
 

 
 

 
 

Basic
$
0.17

 
$
(0.35
)
 
$
0.26

 
$
(1.74
)
Diluted
$
0.17

 
$
(0.35
)
 
$
0.26

 
$
(1.74
)


The diluted earnings per share calculation excludes stock options, SARs, restricted stock and units and performance units that were anti-dilutive. Shares underlying the excluded stock options and SARs totaled 4.2 million and 9.9 million shares for the three months ended September 30, 2017 and 2016, respectively, and 3.6 million and 10.2 million shares for the nine months ended September 30, 2017 and 2016, respectively. For both the three months and nine months ended September 30, 2016, 4.6 million shares of restricted stock, restricted stock units and performance units were excluded.