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STOCKHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2013
STOCKHOLDERS' EQUITY  
STOCKHOLDERS' EQUITY

 

NOTE 13. STOCKHOLDERS' EQUITY

Common Stock

        Holdings has authorized 300.0 million shares of common stock. At December 31, 2013, there were 94.0 million shares of common stock outstanding.

        The Company periodically evaluates various options for the use of its capital, including the issuance of dividends and repurchase of common stock.

Earnings Per Share

        The following table represents the Company's basic and dilutive weighted average shares:

 
   Year ended December 31,  
 
   2013   2012   2011  
 
   (in thousands)
  

Basic weighted average shares

     96,481     103,503     100,261  

Effect of dilutive employee stock-based compensation awards

     902     1,408     2,749  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Diluted weighted averages shares

     97,383     104,911     103,010  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

        Unexercised stock options of an immaterial amount, 0.4 million, and 2.0 million shares for the years ended December 31, 2013, 2012 and 2011, respectively, were not included in the computation of diluted earnings per share because the impact of applying the treasury stock method to these options was anti-dilutive.