XML 52 R35.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Computations of basic and diluted EPS
The computations of the numerator (income) and denominator (shares) to derive the basic and diluted EPS amounts presented on the face of the accompanying consolidated statements of operations are as follows (in thousands): 
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
Income
 
Shares
 
Income
 
Shares
 
Income
 
Shares
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) applicable to common shareholders
$
(81,445
)
 
 
 
$
(376,980
)
 
 
 
$
195,047

 
 
Less: Undistributed earnings allocated to participating securities

 
 
 

 
 
 
(1,018
)
 
 
Undistributed earnings (loss) allocated to common shares
$
(81,445
)
 
111,612

 
$
(376,980
)
 
105,416

 
$
194,029

 
105,029

Diluted:
 
 
 
 
 
 
 
 
 
 
 
Undistributed earnings (loss) allocated to common shares
$
(81,445
)
 
111,612

 
$
(376,980
)
 
105,416

 
$
194,029

 
105,029

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Share-based awards other than participating securities

 

 

 

 

 
16

Undistributed earnings reallocated to participating securities

 

 

 

 

 

Net income (loss) applicable to common shareholders
$
(81,445
)
 
111,612

 
$
(376,980
)
 
105,416

 
$
194,029

 
105,045

Schedule of shares excluded from the diluted per share calculations
Shares that otherwise would have been included in the diluted per share calculations assuming we had earnings are as follows (in thousands): 
 
Year Ended December 31,
 
2016
 
2015
 
 
 
 
Diluted shares (as reported)
111,612

 
105,416

Share-based awards
440

 
59

Total
112,052

 
105,475


 
In addition, the following potentially dilutive shares related to the 2022 Notes and the 2032 Notes were excluded from the diluted EPS calculation because we have the right and the intention to settle any such future conversions in cash (Note 7) (in thousands): 
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
 
 
 
 
 
2022 Notes
1,475

 

 

2032 Notes
6,891

 
7,995

 
7,995