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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share
Our calculation of basic and diluted earnings per share is as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
In thousands, except per share data
2015
 
2014
 
2015
 
2014
Numerator
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(47,351
)
 
$
23,833

 
$
(5,196
)
 
$
51,439

Income (loss) from discontinued operations, net of tax
1,735

 
(2,080
)
 
(4,821
)
 
(6,511
)
Net income (loss)
$
(45,616
)
 
$
21,753

 
$
(10,017
)
 
$
44,928

 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(47,351
)
 
$
23,833

 
$
(5,196
)
 
$
51,439

Dividends and undistributed income allocated to participating shares
(121
)
 
(817
)
 
(269
)
 
(1,559
)
Income (loss) from continuing operations to common shares - basic
(47,472
)
 
23,016

 
(5,465
)
 
49,880

Effect of reallocating undistributed income from continuing operations to participating shares

 
20

 

 
38

Income (loss) from continuing operations to common shares - diluted
$
(47,472
)
 
$
23,036

 
$
(5,465
)
 
$
49,918

 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
Weighted average common shares - basic
17,848

 
19,541

 
18,057

 
21,730

Dilutive effect of share-based payment awards

 
98

 

 
108

Dilutive effect of convertible debt

 
409

 

 
460

Weighted average common shares - diluted(1)
17,848

 
20,048

 
18,057

 
22,298

 
 
 
 
 
 
 
 
Basic earnings (loss) per common share:
 
 
 
 
 
 
 
Continuing operations
$
(2.66
)
 
$
1.18

 
$
(0.30
)
 
$
2.30

Discontinued operations
0.10

 
(0.11
)
 
(0.27
)
 
(0.30
)
Basic earnings (loss) per common share
$
(2.56
)
 
$
1.07

 
$
(0.57
)
 
$
2.00

 
 
 
 
 
 
 
 
Diluted earnings (loss) per common share:
 
 
 
 
 
 
 
Continuing operations
$
(2.66
)
 
$
1.15

 
$
(0.30
)
 
$
2.24

Discontinued operations
0.10

 
(0.10
)
 
(0.27
)
 
(0.29
)
Diluted earnings (loss) per common share
$
(2.56
)
 
$
1.05

 
$
(0.57
)
 
$
1.95

 
 
 
 
 
 
 
 
Stock options and share-based awards not included in diluted EPS calculation because their effect would have be antidilutive
14

 
2

 
16

 
7

(1)
Participating securities were included in the calculation of diluted earnings per share using the two-class method, as this calculation was more dilutive than the calculation using the treasury stock method.