Earnings Per Share

9 Months Ended

Sep. 30, 2015

EARNINGS PER SHARE

Reconciliations of the components of basic and diluted net income per common share are presented in the tables below:



	Three months ended September 30,
	2015							2014
	Income			Shares	Per Share			Income		Shares	Per Share
	(In thousands, except share data)
Basic:
Net (loss) income	$	(388,209	)	108,217,062	$	(3.59	)	$	6,920	85,506,095	$	0.08
Effect of dilutive securities:
Stock options and awards	—			—				—		401,212
Diluted:
Net (loss) income	$	(388,209	)	108,217,062	$	(3.59	)	$	6,920	85,907,307	$	0.08



	Nine months ended September 30,
	2015							2014
	Income			Shares	Per Share			Income		Shares	Per Share
	(In thousands, except share data)
Basic:
Net (loss) income	$	(394,015	)	96,935,897	$	(4.06	)	$	137,330	85,405,630	$	1.61
Effect of dilutive securities:
Stock options and awards	—			—				—		384,803
Diluted:
Net (loss) income	$	(394,015	)	96,935,897	$	(4.06	)	$	137,330	85,790,433	$	1.60

There were 510,605 shares and 462,801 shares of common stock that were considered anti-dilutive for the three and nine months ended September 30, 2015, respectively. There were no potential shares of common stock that were considered anti-dilutive for the three and nine months ended September 30, 2014.