| Computation of Basic and Diluted Earnings (Loss) Per Share |
The following table sets forth the computation of basic and diluted earnings (loss) per share:
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For the three months ended September 30, |
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For the nine months ended September 30, |
(Shares in thousands) |
2016 |
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2015 |
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2016 |
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2015 |
Numerator |
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Net income (loss) attributable to common shareholders, basic |
$ |
(14,977 |
) |
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$ |
128,247 |
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$ |
(11,423 |
) |
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$ |
(31,631 |
) |
Add: Interest on 2033 Senior Notes |
— |
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|
945 |
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— |
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— |
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Change in FV of embedded derivative income |
— |
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(36,132 |
) |
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— |
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— |
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Net income (loss) attributable to common shareholders, diluted |
$ |
(14,977 |
) |
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$ |
93,060 |
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$ |
(11,423 |
) |
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$ |
(31,631 |
) |
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Denominator |
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(Shares in thousands) |
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Weighted average common shares outstanding, basic |
552,229 |
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500,562 |
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548,551 |
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469,931 |
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Effect of dilutive securities: |
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Stock options |
— |
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6,349 |
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— |
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— |
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Warrants |
— |
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2,065 |
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— |
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— |
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2033 Senior Notes |
— |
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6,537 |
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— |
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— |
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Dilutive potential shares |
— |
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14,951 |
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— |
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— |
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Weighted average common shares outstanding, diluted |
552,229 |
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515,513 |
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548,551 |
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469,931 |
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Earnings (loss) per share, basic |
$ |
(0.03 |
) |
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$ |
0.26 |
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$ |
(0.02 |
) |
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$ |
(0.07 |
) |
Earnings (loss) per share, diluted |
$ |
(0.03 |
) |
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$ |
0.18 |
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$ |
(0.02 |
) |
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$ |
(0.07 |
) |
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