Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.4.0.3
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2016
Summary of Significant Accounting Policies  
Reconciliation of basic weighted average shares outstanding to diluted weighted average shares outstanding

 

 

 

 

 

 

 

 

Three months ended March 31,

 

 

 

2015

 

2016

 

Basic weighted average number of shares outstanding

 

265,294,794

 

277,050,344

 

Add: Dilutive effect of non-vested restricted stock and restricted stock units

 

5,286

 

 —

 

Add: Dilutive effect of outstanding stock options

 

 —

 

 —

 

Add: Dilutive effect of performance stock units

 

 —

 

 —

 

Diluted weighted average number of shares outstanding

 

265,300,080

 

277,050,344

 

 

 

 

 

 

 

Weighted average number of outstanding equity awards excluded from calculation of diluted earnings per common share(1):

 

 

 

 

 

Non-vested restricted stock and restricted stock units

 

1,970,774

 

6,740,602

 

Outstanding stock options

 

81,021

 

720,206

 

Performance stock units

 

 —

 

214,286

 


(1)   The potential dilutive effects of these awards were excluded from the computation of earnings per common share—assuming dilution because the inclusion of these awards would have been anti-dilutive.

Summary of adjustments from adoption of new accounting pronouncement

 

 

 

 

 

 

 

 

 

 

 

 

 

As Previously Reported

 

Adjustment

 

As Adjusted

 

 

 

December 31, 2015

 

Effect

 

December 31, 2015

 

Other assets

 

$

66,296

 

 

(39,731)

 

 

26,565

 

Long-term debt

 

 

4,708,513

 

 

(39,731)

 

 

4,668,782

 

 

Summary of adjustments from early adoption of new accounting pronouncement

 

 

 

 

 

 

 

 

 

 

 

 

 

As Previously Reported

 

 

 

As Adjusted

 

 

 

Three months ended March 31, 2015

 

Adjustment
Effect

 

Three months ended March 31, 2015

 

Changes in accrued liabilities

 

$

72,588

 

 

46

 

 

72,634

 

Employee tax withholding for settlement of equity compensation awards

 

 

 —

 

 

(46)

 

 

(46)