Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share

Earnings Per Share

18. Earnings Per Share

        The following table sets forth the computation of basic and diluted earnings per share:

Years ended December 31,	2012			2011			2010
Numerator:
Net earnings (loss) attributable to the Company	$	184		$	(500	)	$	(45	)
Denominator (in thousands):
Denominator for basic earnings per share—weighted average shares outstanding		164,474			163,691			164,271
Effect of dilutive securities:
Stock options and other		1,294						2,807
Denominator for diluted earnings per share—adjusted weighted average shares		165,768			163,691			167,078
Basic earnings per share:
Earnings (loss) from continuing operations	$	1.13		$	(3.06	)	$	1.58
Earnings from discontinued operations								0.14
Gain (loss) on disposal of discontinued operations		(0.01	)		0.01			(2.00	)
Net earnings (loss)	$	1.12		$	(3.05	)	$	(0.28	)
Diluted earnings per share:
Earnings (loss) from continuing operations	$	1.12		$	(3.06	)	$	1.56
Earnings from discontinued operations								0.14
Gain (loss) on disposal of discontinued operations		(0.01	)		0.01			(1.97	)
Net earnings (loss)	$	1.11		$	(3.05	)	$	(0.27	)

        Options to purchase 2,125,963 and 687,353 weighted average shares of common stock which were outstanding during 2012 and 2010, respectively, were not included in the computation of diluted earnings per share because the options' exercise price was greater than the average market price of the common shares. For the year ended December 31, 2011, diluted earnings per share of common stock was equal to basic earnings per share of common stock due to the loss from continuing operations.

        The 2015 Exchangeable Notes have a dilutive effect only in those periods in which the Company's average stock price exceeds the exchange price of $47.47 per share. For the years ended December 31, 2012, 2011 and 2010, the Company's average stock price did not exceed the exchange price. Therefore, the potentially issuable shares resulting from the settlement of the 2015 Exchangeable Notes were not included in the calculation of diluted earnings per share. See Note 11 for additional information on the 2015 Exchangeable Notes.