XML 60 R43.htm IDEA: XBRL DOCUMENT v3.3.1.900
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Basic and Diluted EPS Calculations
Our calculation of basic and diluted earnings per share is as follows:

Year Ended December 31,
In thousands, except per share data
2015

2014

2013
Numerator


 


 


Income from continuing operations
$
49,446

 
$
124,677

 
$
222,688

Loss from discontinued operations, net of tax
(5,109
)
 
(18,059
)
 
(47,896
)
Net income
$
44,337

 
$
106,618

 
$
174,792




 


 


Income from continuing operations
$
49,446

 
$
124,677

 
$
222,688

Dividends and undistributed income allocated to participating shares
(1,329
)
 
(3,929
)
 
(5,473
)
Income from continuing operations to common shares - basic
48,117

 
120,748

 
217,215

Effect of reallocating undistributed income from continuing operations to participating shares
1

 
58

 
179

Income from continuing operations to common shares - diluted
$
48,118

 
$
120,806

 
$
217,394




 


 


Denominator


 


 


Weighted average common shares - basic
17,467

 
20,192

 
27,216

Dilutive effect of share-based payment awards
20

 
81

 
235

Dilutive effect of convertible debt
—

 
230

 
718

Weighted average common shares - diluted(1)
17,487

 
20,503

 
28,169




 


 


Basic earnings (loss) per common share:


 


 


Continuing operations
$
2.75

 
$
5.98

 
$
7.98

Discontinued operations
(0.29
)
 
(0.89
)
 
(1.76
)
Basic earnings per common share
$
2.46

 
$
5.09

 
$
6.22




 


 


Diluted earnings (loss) per common share:


 


 


Continuing operations
$
2.75

 
$
5.89

 
$
7.72

Discontinued operations
(0.29
)
 
(0.88
)
 
(1.70
)
Diluted earnings per common share
$
2.46

 
$
5.01

 
$
6.02




 


 


Stock options and share-based awards not included in diluted EPS calculation because their effect would have be antidilutive
7

 
11

 
13

(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.