Note 3 - Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 3 – Earnings per Share

The following table presents the reconciliation of the numerator and denominator for calculating earnings per share from continuing operations:

	Third Quarter				First Nine Months
(In thousands, except per share data)	2014		2013		2014		2013
Basic EPS:
Income from continuing operations	$	23,492	$	15,431	$	55,563	$	42,157
Weighted average number of common shares outstanding		82,055		85,775		83,260		84,902
Basic income from continuing operations per common share	$	0.29	$	0.18	$	0.67	$	0.50
Diluted EPS:
Income from continuing operations	$	23,492	$	15,431	$	55,563	$	42,157
Assumed conversions of Senior Notes		1,294		1,370		3,808		3,875
Adjusted income from continuing operations	$	24,786	$	16,801	$	59,371	$	46,032
Weighted average number of common shares outstanding-basic		82,055		85,775		83,260		84,902
Add:   Dilutive effect of stock options and restricted stock awards		1,550		1,503		1,715		1,718
Dilutive effect of Senior Notes		15,682		15,682		15,682		15,682
Diluted weighted average number of common shares outstanding		99,287		102,960		100,657		102,302
Diluted income from continuing operations per common share	$	0.25	$	0.16	$	0.59	$	0.45
Stock options and restricted stock excluded from calculation of diluted earnings per share because anti-dilutive for the period		1,075		591		821		565

Weighted average dilutive stock options and restricted stock outstanding totaled approximately 4.7 million and 4.9 million shares for the third quarter of 2014 and 2013, respectively, and 4.9 million and 5.2 million shares for the first nine months of 2014 and 2013, respectively. The resulting net effect of stock options and restricted stock were used in calculating diluted earnings per share for the period.