XML 61 R29.htm IDEA: XBRL DOCUMENT v2.3.0.15
Earnings (Losses) Per Share (Tables)
9 Months Ended
Sep. 30, 2011
Earnings (Losses) Per Share [Abstract] 
Earnings (losses) per share computations
 
A reconciliation of the numerators and denominators of the basic and diluted earnings (losses) per share computations is as follows:
 
                                 
    Three Months Ended
    Nine Months Ended
 
    September 30,     September 30,  
    2011     2010     2011     2010  
    (In thousands, except per share amounts)  
 
Net income (loss) (numerator):
                               
Income (loss) from continuing operations, net of tax
  $ 82,204     $ (31,563 )   $ 234,678     $ 55,927  
Less: net (income) loss attributable to noncontrolling interest
    (708 )     (453 )     355       1,208  
                                 
Adjusted income (loss) from continuing operations, net of tax — basic
    81,496       (32,016 )     235,033       57,135  
Add: interest expense on assumed conversion of our 0.94% senior exchangeable notes due 2011, net of tax(1)
                       
                                 
Adjusted net income (loss) from continuing operations, net of tax — diluted
  $ 81,496     $ (32,016 )   $ 235,033     $ 57,135  
                                 
Earnings (losses) per share:
                               
Basic from continuing operations
  $ .28     $ (.11 )   $ .82     $ .21  
                                 
Diluted from continuing operations
  $ .28     $ (.11 )   $ .80     $ .19  
                                 
Income (loss) from discontinued operations, net of tax
  $ (7,240 )   $ (7,591 )   $ 114,496     $ (12,921 )
                                 
Earnings (losses) per share:
                               
Basic from discontinued operations
  $ (.02 )   $ (.03 )   $ .40     $ (.05 )
                                 
Diluted from discontinued operations
  $ (.03 )   $ (.03 )   $ .39     $ (.04 )
                                 
Shares (denominator):
                               
Weighted-average number of shares outstanding — basic
    287,487       285,282       286,971       285,045  
Net effect of dilutive stock options, warrants and restricted stock awards based on the if-converted method
    4,499             6,020       4,802  
Assumed conversion of our 0.94% senior exchangeable notes due 2011(1)
                       
                                 
Weighted-average number of shares outstanding — diluted
    291,986       285,282       292,991       289,847  
                                 
 
 
(1) In May 2011, the remaining aggregate principal amount of our 0.94% senior exchangeable notes matured and we redeemed them with $1.2 billion of borrowings under our revolving credit facilities and available cash. Diluted earnings (losses) per share for the three and nine months ended September 30, 2010 exclude any incremental shares that would have been issuable upon exchange of these notes based on a calculation using our stock price. Our stock price did not exceed the threshold during the period ending September 30, 2010.