| Earnings (losses) per share computations |
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Year Ended December 31, |
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2013 |
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2012 |
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2011 |
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Revised
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Revised
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(In thousands, except per share
amounts)
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Net income (loss) (numerator): |
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Income (loss) from continuing operations, net of tax |
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$ |
158,341 |
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$ |
232,974 |
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$ |
347,170 |
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Less: net (income) loss attributable noncontrolling interest |
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(7,180 |
) |
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(621 |
) |
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(1,045 |
) |
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Less: net (income) loss allocated to unvested shareholders |
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(1,277 |
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— |
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— |
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Adjusted income (loss) from continuing operations—basic and diluted |
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149,884 |
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232,353 |
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346,125 |
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Income (loss) from discontinued operations, net of tax |
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(11,179 |
) |
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(67,526 |
) |
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(97,601 |
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Adjusted net income (loss) attributable to Nabors |
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$ |
138,705 |
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$ |
164,827 |
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$ |
248,524 |
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Earnings (losses) per share: |
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Basic from continuing operations |
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$ |
0.51 |
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$ |
0.80 |
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$ |
1.21 |
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Basic from discontinued operations |
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(0.04 |
) |
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(0.23 |
) |
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(0.34 |
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Total Basic |
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$ |
0.47 |
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$ |
0.57 |
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$ |
0.87 |
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Diluted from continuing operations |
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$ |
0.51 |
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$ |
0.79 |
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$ |
1.18 |
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Diluted from discontinued operations |
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(0.04 |
) |
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(0.23 |
) |
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(0.33 |
) |
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Total Diluted |
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$ |
0.47 |
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$ |
0.56 |
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$ |
0.85 |
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Shares (denominator): |
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Weighted-average number of shares outstanding—basic |
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294,182 |
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289,965 |
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287,118 |
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Net effect of dilutive stock options, warrants and restricted stock awards based on the if-converted method |
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2,410 |
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2,358 |
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5,366 |
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Weighted-average number of shares outstanding—diluted |
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296,592 |
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292,323 |
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292,484 |
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