Earnings Per Share (Notes)

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings per common share (EPS) excludes dilution and is computed by dividing Net income attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other obligations to issue common stock were exercised or converted into common stock or resulted in the issuance of common shares that then shared in our earnings.

A reconciliation of the numerators and denominators of the basic and diluted EPS computations is presented below:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
	(In thousands, except per share amounts)
Amounts attributable to common stockholders:
Net income:
Net income — basic	$	17,651	$	26,779	$	84,675	$	118,015
After tax interest on convertible debt	—		13		38		38
Net income — diluted	$	17,651	$	26,792	$	84,713	$	118,053
Weighted average shares (denominator):
Weighted average shares — basic	210,820		211,954		212,009		211,721
Stock options	2,190		4,295		3,235		4,035
Convertible debt	—		121		121		121
Weighted average shares — diluted	213,010		216,370		215,365		215,877
Net income per share:
Basic	$	0.08	$	0.13	$	0.40	$	0.56
Diluted	$	0.08	$	0.12	$	0.39	$	0.55

Earnings per share from discontinued operations were less than $0.005, therefore net income from continuing operations attributable to common shareholders per share is the same as net income per share in the table above.