Note 16 - Net Income (Loss) Per Share (Notes)

3 Months Ended

Mar. 31, 2015

Earnings Per Share, Basic and Diluted [Abstract]

Net Income (Loss) Per Share

Net Income Per Share

Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding, while diluted net income per share is computed by dividing net income attributable to common shareholders by the sum of the weighted average number of common shares outstanding and all dilutive potential common shares outstanding. Dilutive potential common shares relate to our stock-based compensation arrangements and our outstanding convertible senior notes. For all calculations, the determination of whether potential common shares are dilutive or anti-dilutive is based on net income from continuing operations.

The calculation of the basic and diluted net income per share was as follows:

	Three Months Ended March 31,
(In thousands, except share and per share amounts)	2015		2014
Net income from continuing operations:
Net income from continuing operations - basic	$	91,727	$	145,980
Adjustment for dilutive Convertible Senior Notes due 2019, net of tax (1)	3,673		5,455
Net income from continuing operations - diluted	$	95,400	$	151,435
Net income:
Net income from continuing operations - basic	$	91,727	$	145,980
Income from discontinued operations, net of tax	530		56,779
Net income - basic	92,257		202,759
Adjustment for dilutive Convertible Senior Notes due 2019, net of tax (1)	3,673		5,455
Net income - diluted	$	95,930	$	208,214
Average common shares outstanding - basic	191,224		173,165
Dilutive effect of Convertible Senior Notes due 2017	10,886		9,003
Dilutive effect of Convertible Senior Notes due 2019	37,736		37,736
Dilutive effect of stock-based compensation arrangements (2)	3,202		2,764
Adjusted average common shares outstanding - diluted	243,048		222,668
Net income per share:
Basic:
Net income from continuing operations	$	0.48	$	0.84
Income from discontinued operations	—		0.33
Net income	$	0.48	$	1.17
Diluted:
Net income from continuing operations	$	0.39	$	0.68
Income from discontinued operations	—		0.26
Net income	$	0.39	$	0.94

________________

(1) As applicable, includes coupon interest, amortization of discount and fees, and other changes in income or loss that would result from the assumed conversion.

(2) For the three months ended March 31, 2015, 540,400 shares of our common stock equivalents issued under our stock-based compensation arrangements were not included in the calculation of diluted net income per share because they were anti-dilutive. For the three months ended March 31, 2014, 946,400 shares of our common stock equivalents issued under our stock-based compensation arrangements were not included in the calculation of diluted net income per share because they were anti-dilutive.