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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Share  
Reconciliation Between Basic and Diluted 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,

 

 

 

2013

 

2012

 

2013

 

2012

 

Net income (loss) for basic and diluted earnings per share

 

$

24,747

 

$

(3,653

)

$

100,973

 

$

43,311

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

219,502

 

217,866

 

219,301

 

217,725

 

Dilutive effect of stock options, performance share awards and restricted stock awards

 

1,146

 

 

1,295

 

1,492

 

Diluted weighted-average shares outstanding

 

220,648

 

217,866

 

220,596

 

219,217

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

0.11

 

$

(0.02

)

$

0.46

 

$

0.20

 

Diluted earnings (loss) per share

 

$

0.11

 

$

(0.02

)

$

0.46

 

$

0.20