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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2013
Earnings Per Share, Basic And Diluted [Abstract]  
Schedule Of Earnings Per Share Reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended March 31,

 

(in thousands, except per share amounts)

 

2013

 

2012

 

Numerator:

 

 

 

 

 

 

 

Net income – numerator for basic net earnings per share

 

$

5,883 

 

$

6,188 

 

Add: Effect of dilutive securities

 

 

 

 

 

 

 

Interest expense on 5.50% convertible notes (after-tax)(1)

 

 

 

 

 

Stock options and other equity compensation

 

 

 

 

 

Numerator for diluted earnings per share

 

$

5,883 

 

$

6,188 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Weighted average shares – denominator for basic net
earnings per share 

 

 

91,822 

 

 

76,317 

 

Add: Effect of dilutive securities

 

 

 

 

 

 

 

Stock options and other equity compensation 

 

 

 

 

1,272 

 

5.50% convertible notes (after-tax)(1)

 

 

 

 

 

Denominator for diluted earnings per share 

 

 

91,822 

 

 

77,589 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

Basic

 

$

0.06 

 

$

0.08 

 

Diluted

 

$

0.06 

 

$

0.08 

 

 

 

 

 

 

 

 

 

Interest expense excluded from diluted earnings per share calculation (1)

 

$

977 

 

 

 

5.50% Convertible notes shares excluded from diluted earnings per share calculation (1)    

 

 

3,379 

 

 

 

_________

 

 

 

 

 

 

 

(1)       Average outstanding diluted earnings per share calculation excludes shares that may be issued upon conversion of the outstanding senior convertible notes since the effect of their inclusion would have been anti-dilutive.