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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Weighted Average Shares Outstanding Earnings Per Share

The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings per share for the indicated periods:

 

     Three Months Ended
March 31,
 
     2015      2014  
     (In thousands, except per share data)  

Income (numerator):

     

Basic:

     

Net income (loss)

   ($ 327,388    $ 25,943   

Net income attributable to participating securities

     —           (537
  

 

 

    

 

 

 

Net income (loss) attributable to common stock—basic

($ 327,388 $ 25,406   
  

 

 

    

 

 

 

Diluted:

Net income (loss)

($ 327,388 $ 25,943   

Net income attributable to participating securities

  —        (537
  

 

 

    

 

 

 

Net income (loss) attributable to common stock—diluted

($ 327,388 $ 25,406   
  

 

 

    

 

 

 

Weighted average shares (denominator):

Weighted average shares—basic

  55,181      49,013   

Dilutive effect of stock options

  —        49   
  

 

 

    

 

 

 

Weighted average shares—diluted

  55,181      49,062   
  

 

 

    

 

 

 

Basic earnings (loss) per share

($ 5.93 $ 0.52   
  

 

 

    

 

 

 

Diluted earnings (loss) per share

($ 5.93 $ 0.52