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EQUITY (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net income from continuing operations $ 73,042 $ 1,111 $ 106,927 $ 5,632
Net income (loss) from discontinued operations 274 (393) 5,215 1,342
Net income to common shareholder $ 73,316 $ 718 $ 112,142 $ 6,974
Basic weighted-average shares 42,290 [1] 42,304 [1] 42,380 [1] 42,207 [1]
Common stock equivalents 1,626 [2],[3],[4] 76 [2],[3],[4] 1,443 [2],[3],[4] 207 [2],[3],[4]
Diluted weighted-average shares 43,916 42,380 43,823 42,414
[1] Includes common shares issued and outstanding, as well as non-employee directors’ and employee deferred shares that have vested, but are not issued and outstanding.
[2] At September 30, 2013, 2,128,125 stock options were in the money and had a dilutive impact of 1,470,198 shares and 1,373,840 shares for the three months and nine months ended September 30, 2013, respectively. In addition, 260,417 unvested employee deferred shares had a dilutive impact of 156,251 and 69,826 shares for the three and nine months ended September 30, 2013, respectively.
[3] At September 30, 2012, 850,000 stock options were in the money and had a dilutive impact of 75,508 shares and 206,967 shares for the three months and nine months ended September 30, 2012, respectively. There were no unvested employee deferred shares at September 30, 2012.
[4] For the three months and nine months ended September 30, 2013, the average number of options excluded from the calculations of diluted earnings per share was 302,287 and 456,803, respectively, because of their anti-dilutive effect. For the three months and nine months ended September 30, 2012, the average number of options excluded from the calculations of diluted earnings per share was 1,512,031 and 1,060,535, respectively, because of their anti-dilutive effect.