|
Note 3. Earnings Per Share
A reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share data):
|
|
|
Quarter Ended |
|
Six Months Ended |
|
|
|
|
June 30, |
|
|
|
June 30, |
|
|
|
|
2012 |
|
2011 |
|
2012 |
|
2011 |
|
Net (loss) income for basic and diluted earnings per share |
|
$ (3,653) |
|
|
$ 93,491 |
|
$ 43,311 |
|
$ |
171,901 |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average common shares outstanding |
|
217,866 |
|
|
217,028 |
|
217,725 |
|
216,771 |
|
Dilutive effect of stock options and restricted stock awards |
|
|
- |
|
|
2,342 |
|
1,492 |
|
2,745 |
|
Diluted weighted-average shares outstanding |
|
|
217,866 |
|
|
|
219,370 |
|
|
219,217 |
|
|
219,516 |
|
|
|
|
|
|
|
|
|
|
|
|
Basic (loss) earnings per share |
|
$ |
(0.02) |
|
|
$ |
0.43 |
|
$ |
0.20 |
|
$ |
0.79 |
|
Diluted (loss) earnings per share |
|
$ |
(0.02) |
|
|
$ |
0.43 |
|
$ |
0.20 |
|
$ |
0.78 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share for the quarter and six months ended June 30, 2012 did not reflect options to purchase common stock and performance shares of an aggregate of 5.1 million and 3.1 million, respectively, because the effect of including them would have been antidilutive. Diluted earnings per share for the quarter and six months ended June 30, 2011 did not reflect options to purchase common stock of 2.8 million and 1.8 million, respectively, because the effect of including them would have been antidilutive. |