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Earnings (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2013
Reconciliation of Numerators and Denominators Used in Computations of Both Basic and Diluted Earnings Per Share

The following table reconciles the numerators and denominators used in the computations of both basic and diluted earnings (loss) per share:

 

     Year Ended December 31  
     2013      2012      2011  
     (In thousands, except share data)  

Basic earnings (loss) per share computation:

        

Numerator:

        

Income (loss) from continuing operations

   $ 325,359       $ 23,815       $ (1,728,282

Denominator:

        

Average common shares

     93,785,611         92,375,378         91,694,110   

Basic earnings (loss) per share from continuing operations

   $ 3.47       $ 0.26       $ (18.85

Diluted earnings (loss) per share computation:

        

Numerator:

        

Income (loss) from continuing operations

   $ 325,359       $ 23,815       $ (1,728,282

Denominator:

        

Average common shares — basic

     93,785,611         92,375,378         91,694,110   

Stock option conversion(1)

     670,485         245,911         —     

Stock units(2)

     340,140         444,623         —     
  

 

 

    

 

 

    

 

 

 

Average common shares — diluted

     94,796,236         93,065,912         91,694,110   
  

 

 

    

 

 

    

 

 

 

Diluted earnings (loss) per share from continuing operations

   $ 3.43       $ 0.26       $ (18.85

(1) Anti-dilutive options excluded

     3,554,064         7,099,437         10,381,935   

(2) Anti-dilutive stock units excluded

     7,071         8,192         1,249,885