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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2013
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,

 

 

 

2013

 

2012

 

2013

 

2012

 

Income (Numerator)

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

12,956

 

$

30,134

 

$

29,471

 

$

59,259

 

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

 

45

 

45

 

90

 

90

 

Income impact of assumed conversion of the 3.0% Notes, net of taxes

 

26

 

—

 

53

 

—

 

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

 

(233

)

(72

)

(106

)

213

 

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

 

12,794

 

30,107

 

29,508

 

59,562

 

Income (loss) from discontinued operations, net of taxes

 

5,103

 

(2

)

5,458

 

(53

)

Numerator for diluted earnings available to common shareholders

 

$

17,897

 

$

30,105

 

$

34,966

 

$

59,509

 

 

 

 

 

 

 

 

 

 

 

Shares (Denominator)

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

92,083

 

81,036

 

86,667

 

80,944

 

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

 

871

 

4

 

547

 

13

 

Dilutive effect of 4.875% Notes

 

339

 

254

 

339

 

254

 

Dilutive effect of 3.0% Notes

 

311

 

—

 

311

 

—

 

Weighted-average common and common equivalent shares outstanding

 

93,604

 

81,294

 

87,864

 

81,211

 

 

Potentially dilutive securities representing zero and 1.5 million shares of common stock for the three months ended June 30, 2013 and 2012, respectively, and zero and 1.5 million shares of common stock for the six months ended June 30, 2013 and 2012, respectively, were excluded from the computation of diluted earnings per common share for these periods because their effect would have been antidilutive.  The decrease in potentially dilutive securities is primarily related to the increase in share price during the quarter ending June 30, 2013.