Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2015

Basic earnings (loss) per share is computed by dividing income available to common stockholders by the weighted average number of shares outstanding for the periods presented. The calculation of diluted earnings (loss) per share includes the impact of potentially dilutive non-vested restricted shares and PSUs outstanding during the periods presented, unless their effect is anti-dilutive. There are no adjustments made to income (loss) available to common stockholders in the calculation of diluted earnings (loss) per share.

The following is a calculation of the basic and diluted weighted-average shares outstanding for the three and six months ended June 30, 2015 and 2014:



	Three Months Ended June 30,		Six Months Ended June 30,
	2015	2014	2015	2014
	(In thousands)
Basic weighted average common shares outstanding	136,859	99,663	123,157	99,612
Dilution effect of stock awards at end of period⁽¹⁾	—	597	—	716
Diluted weighted average common shares outstanding	136,859	100,260	123,157	100,328
Anti-dilutive stock-based compensation awards	2,993	1,115	3,012	909

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(1)	No unvested stock awards were included in computing loss per share for the three and six months ended June 30, 2015 because the effect was anti-dilutive.