Earnings (Loss) per Share

6 Months Ended

Jun. 30, 2016

Earnings (Loss) per Share

We include restricted stock units for which no future service is required as a condition to the delivery of the underlying common stock in our calculation of weighted average shares outstanding. As we incurred a net loss for each of the three and six months ended June 30, 2016, diluted loss per share for both periods is computed on the same basis as basic loss per share, as the inclusion of any other potential shares outstanding would be anti-dilutive. Reconciliations of the amounts used in the basic and diluted earnings (loss) per common share computations for the three and six months ended June 30, 2016 and 2015 are as follows (shares in thousands):



	Three Months Ended June 30,		Six Months Ended June 30,
	2016	2015	2016	2015
Diluted weighted average shares calculation:
Weighted average shares outstanding (basic)	354,066	366,975	353,784	369,938
Share-based awards	—	2,971	—	3,466
Weighted average shares outstanding (diluted)	354,066	369,946	353,784	373,404

We excluded the following items from diluted earnings (loss) per common share for the three and six months ended June 30, 2016 and 2015, because they were anti-dilutive (shares in thousands):



	Three Months Ended June 30,		Six Months Ended June 30,
	2016	2015	2016	2015
Share-based awards	3,335	5,042	3,294	5,042