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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2012
EARNINGS PER SHARE  
EARNINGS PER SHARE

5.              EARNINGS PER SHARE

 

The following table reconciles income (numerator) and shares (denominator) used in our computations of diluted earnings per share for the periods presented (in thousands):

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Income (Numerator)

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

30,199

 

$

18,559

 

$

59,340

 

$

33,793

 

Income impact of assumed conversion of the 4.875% Notes, net of taxes

 

45

 

42

 

90

 

83

 

Net (income) loss attributable to noncontrolling interests included in continuing operations

 

(72

)

102

 

213

 

254

 

Numerator for diluted earnings per common share from continuing operations available to common shareholders

 

30,172

 

18,703

 

59,643

 

34,130

 

Loss from discontinued operations

 

(67

)

(82

)

(134

)

(189

)

Numerator for diluted earnings available to common shareholders

 

$

30,105

 

$

18,621

 

$

59,509

 

$

33,941

 

 

 

 

 

 

 

 

 

 

 

Shares (Denominator)

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

81,036

 

80,734

 

80,944

 

80,551

 

Dilutive effect of stock settled appreciation rights, restricted stock awards and outstanding stock options

 

4

 

40

 

13

 

55

 

Dilutive effect of 4.875% Notes

 

254

 

254

 

254

 

254

 

Weighted-average common and common equivalent shares outstanding

 

81,294

 

81,028

 

81,211

 

80,860

 

 

Approximately 1.5 million and 1.1 million shares of common stock for the three months ended June 30, 2012 and 2011, respectively, and 1.5 million and 1.1 million for the six months ended June 30, 2012 and 2011, respectively, were excluded from the computation of diluted earnings per common share for these periods because their effect would have been antidilutive. The increase in potentially dilutive securities is primarily related to the issuance of new stock settled appreciation rights in March 2012.  The net income per share amounts are the same for Class A and Class B Common Stock because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.