Earnings Per Share Reconciliation (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share Reconciliation

Computation of basic and diluted earnings per share

	THREE MONTHS ENDED						SIX MONTHS ENDED
	JUNE 30,						JUNE 30,
(in thousands, except share data)	2013			2012			2013			2012
NUMERATOR
Net income from continuing operations	$	231,231		$	6,049		$	253,235		$	3,028
Net (loss) income from discontinued operations	(37		)	223			76			(1,864		)
Less: distributed earnings allocated to nonvested restricted stock	(3		)	(10		)	(7		)	-
Less: undistributed earnings allocated to nonvested restricted stock	(543		)	(40		)	(954		)	-
Numerator for basic income (loss) per share	230,648			6,222			252,350			1,164
Plus: interest on 1.6 percent convertible senior notes due 2018	729			370			1,458			-
Plus: interest on 0.25 percent convertible senior notes due 2019	110			-			110			-
Plus: undistributed earnings allocated to nonvested restricted stock	543			40			954			-
Less: undistributed earnings reallocated to nonvested restricted stock	(450		)	(37		)	(803		)	-
Numerator for diluted income (loss) per share	$	231,580		$	6,595		$	254,069		$	1,164
DENOMINATOR
Basic earnings per share—weighted-average shares	46,035,775			44,627,548			45,736,648			44,551,441
Effect of dilutive securities:
Share-based payments	1,024,134			293,819			1,001,655			387,331
1.6 percent convertible senior notes due 2018	7,023,780			3,473,298			7,023,780			-
0.25 percent convertible senior notes due 2019	1,606,642			-			807,759			-
Diluted earnings per share—adjusted weighted-average
shares and assumed conversions	55,690,331			48,394,665			54,569,842			44,938,772
NET INCOME (LOSS) PER COMMON SHARE
Basic
Continuing operations	$	5.01		$	0.14		$	5.52		$	0.07
Discontinued operations	0.00			0.00			0.00			(0.04		)
Total	5.01			0.14			5.52			0.03
Diluted
Continuing operations	4.16			0.14			4.66			0.07
Discontinued operations	0.00			0.00			0.00			(0.04		)
Total	$	4.16		$	0.14		$	4.66		$	0.03