Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.7.0.1
Earnings Per Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
Reconciliations of the components of basic and diluted net income (loss) per common share are presented in the tables below:
 
Three months ended June 30,
 
2017
 
2016
 
Income
 
Shares
 
Per
Share
 
(Loss)
 
Shares
 
Per
Share
 
(In thousands, except share data)
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
$
105,936

 
182,840,213

 
$
0.58

 
$
(339,776
)
 
125,343,723

 
$
(2.71
)
Effect of dilutive securities:

 

 

 

 

 

Stock options and awards
—

 
1,517

 

 
—

 
—

 

Diluted:

 
—

 

 

 

 

Net income (loss)
$
105,936

 
182,841,730

 
$
0.58

 
$
(339,776
)
 
125,343,723

 
$
(2.71
)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30,
 
2017
 
2016
 
Income
 
Shares
 
Per
Share
 
(Loss)
 
Shares
 
Per
Share
 
(In thousands, except share data)
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
$
260,391

 
176,591,166

 
$
1.47

 
$
(582,043
)
 
118,426,654

 
$
(4.91
)
Effect of dilutive securities:

 

 

 

 

 

Stock options and awards
—

 
251,073

 

 
—

 
—

 

Diluted:

 
—

 

 

 

 

Net income (loss)
$
260,391

 
176,842,239

 
$
1.47

 
$
(582,043
)
 
118,426,654

 
$
(4.91
)

There were 573,187 and 558,894 shares of common stock that were considered anti-dilutive for the three months and six months ended June 30, 2016, respectively.