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Income Per Common Share (Tables)
6 Months Ended
Jun. 30, 2012
Income (Loss) Per Common Share [Abstract]  
Computations of basic and diluted (loss) income per common share
                                                 
    Three Months Ended
June 30, 2012
    Three Months Ended
June 30, 2011
 
    Continuing
Operations
    Discontinued
Operations
    Total     Continuing
Operations
    Discontinued
Operations
    Total  
             

Income as reported

  $ 55,676     $ —       $ 55,676     $ 45,776     $ 5,517     $ 51,293  

Participating basic earnings (a)

    (999     —         (999     (808     (97     (905
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic income attributed to common shareholders

    54,677       —         54,677       44,968       5,420       50,388  

Reallocation of participating earnings (a)

    3       —         3       4       1       5  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted income attributed to common shareholders

  $ 54,680     $ —       $ 54,680     $ 44,972     $ 5,421     $ 50,393  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
             

Income per common share:

                                               

Basic

  $ 0.34     $ —       $ 0.34     $ 0.28     $ 0.04     $ 0.32  

Diluted

  $ 0.34     $ —       $ 0.34     $ 0.28     $ 0.04     $ 0.32  

 

(a) 

Restricted Stock Awards represent participating securities because they participate in nonforfeitable dividends or distributions with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Participating securities, however, do not participate in undistributed net losses.

 

                                                 
    Six Months Ended
June 30, 2012
    Six Months Ended
June 30, 2011
 
    Continuing
Operations
    Discontinued
Operations
    Total     Continuing
Operations
    Discontinued
Operations
    Total  
             

Income as reported

  $ 13,876     $ —       $ 13,876     $ 12,345     $ 13,915     $ 26,260  

Participating basic earnings (a)

    (246     —         (246     (220     (248     (468
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic income attributed to common shareholders

    13,630       —         13,630       12,125       13,667       25,792  

Reallocation of participating earnings (a)

    —         —         —         —         1       1  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted income attributed to common shareholders

  $ 13,630     $ —       $ 13,630     $ 12,125     $ 13,668     $ 25,793  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
             

Income per common share:

                                               

Basic

  $ 0.09     $ —       $ 0.09     $ 0.08     $ 0.08     $ 0.16  

Diluted

  $ 0.09     $ —       $ 0.09     $ 0.08     $ 0.08     $ 0.16  

 

(a) 

Restricted Stock Awards represent participating securities because they participate in nonforfeitable dividends or distributions with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Participating securities, however, do not participate in undistributed net losses.

Basic weighted average common shares outstanding to diluted weighted average common shares outstanding
                                 
    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2012     2011     2012     2011  

Denominator:

                               

Weighted average common shares outstanding – basic

    159,412       157,997       159,162       157,772  

Effect of dilutive securities:

                               

Director and employee stock options and SARs

    618       836       787       957  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding – diluted

    160,030       158,833       159,949       158,729