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EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Components of calculation of earnings per share

The components of the numerator for the calculation of basic and diluted EPS are as follows:

	Six months ended June 30,						Year ended December 31,
(in thousands of $)	2016			2015			2015
Basic:
Net income available to stockholders	85,611			101,053			200,832
Diluted:
Net income available to stockholders	85,611			101,053			200,832
Interest expense on convertible bonds	9,151			11,203			22,449
	94,762			112,256			223,281

The components of the denominator for the calculation of basic and diluted EPS are as follows:

	Six months ended June 30,						Year ended December 31,
(in thousands)	2016			2015			2015
Basic earnings per share:
Weighted average number of common shares outstanding	93,489			93,432			93,450
Diluted earnings per share:
Weighted average number of common shares outstanding	93,489			93,432			93,450
Effect of dilutive share options	—			18			23
Effect of dilutive convertible debt	27,935			25,535			25,535
	121,424			118,985			119,008

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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