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Net Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2011
Reconciliation of Numerator and Denominator Utilized in Computation of Basic and Diluted Earnings Per Share

The following table sets forth the reconciliation of the numerator and denominator utilized in the computation of basic and diluted earnings per share (in thousands):

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2011      2010      2011     2010  

Numerator for earnings per share:

          

Earnings from continuing operations

   $ 64,390       $ 62,955       $ 145,818      $ 178,304   

Income (loss) from discontinued operations

     329         —           (475     —     
  

 

 

    

 

 

    

 

 

   

 

 

 

Net earnings available to common shareholders – basic

     64,719         62,955         145,343        178,304   

Interest associated with convertible notes, net of tax

     —           —           —          935   
  

 

 

    

 

 

    

 

 

   

 

 

 

Net earnings available to common shareholders – diluted

   $ 64,719       $ 62,955       $ 145,343      $ 179,239   
  

 

 

    

 

 

    

 

 

   

 

 

 

Denominator for earnings per share:

          

Weighted average number of common shares outstanding

     158,665         158,215         159,225        155,223   

Assumed exercises of stock options and vesting of restricted stock awards, net of shares assumed reacquired under the treasury stock method

     2,133         2,710         2,586        3,151   

Assumed conversion of convertible notes

     —           —           —          3,066   
  

 

 

    

 

 

    

 

 

   

 

 

 

Weighted average diluted shares outstanding

     160,798         160,925         161,811        161,440   
  

 

 

    

 

 

    

 

 

   

 

 

 

Anti-dilutive shares of stock-based compensation awards excluded

     731         517         307        421