	Year Ended December 31,
	2012			2011			2010
	(In thousands, except per share amounts)

Net income (loss) (numerator):
Income (loss) from continuing operations, net of tax	$	239,055		$	342,164		$	255,870
Less: net (income) loss attributable noncontrolling interest	621			1,045			85
Net income (loss) from continuing operations - basic	238,434			341,119			255,785
Add: interest expense on assumed conversion of our 0.94% senior exchangeable notes, net of tax (1)	—			—			—
Adjusted net income (loss) from continuing operations, net of tax - diluted	238,434			341,119			255,785
Income (loss) from discontinued operations, net of tax	(74,400		)	(97,440		)	(161,090		)
Adjusted net income (loss) attributable to Nabors	$	164,034		$	243,679		$	94,695

Earnings (losses) per share:
Basic from continuing operations	$	0.82		$	1.19		$	0.90
Basic from discontinued operations	(0.25		)	(0.34		)	(0.57		)
Total Basic	$	0.57		$	0.85		$	0.33

Diluted from continuing operations	$	0.82		$	1.17		$	0.88
Diluted from discontinued operations	(0.26		)	(0.34		)	(0.55		)
Total Diluted	$	0.56		$	0.83		$	0.33

Shares (denominator):
Weighted-average number of shares outstanding - basic	289,965			287,118			285,145
Net effect of dilutive stock options, warrants and restricted stock awards based on the if-converted method	2,358			5,366			4,851
Assumed conversion of our 0.94% senior exchangeable notes due 2011 (1)	—			—			—
Weighted-average number of shares outstanding - diluted	292,323			292,484			289,996

(1) At maturity in May 2011, we redeemed the remaining aggregate principal amount of $1.4 billion of our 0.94% senior exchangeable notes. Prior to maturity, we had purchased $1.4 billion par value of these notes in the open market for cash of $1.2 billion. Diluted earnings (losses) per share for 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 any period in 2010.