XML 48 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share
3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of common shares plus the effect of dilutive potential common shares outstanding during the period. Diluted earnings per share for the three months ended March 31, 2013 and 2012 excludes the impact of approximately 1.2 million and 1.3 million common stock equivalents, respectively, since the effect of including these securities would be anti-dilutive. The following table sets forth the computation of basic and diluted earnings per share (shares in thousands):
 
 
Three Months Ended
 
 
March 31,
 
 
2013
 
2012
 
Numerator:
 
 
 
 
Net income
$
21

 
$
13

 
Convertible debt interest—1 7/8 percent notes

 

 
Net income available to common stockholders
$
21

 
$
13

 
Denominator:
 
 
 
 
Denominator for basic earnings per share—weighted-average common shares
93,310

 
63,131

 
Effect of dilutive securities:
 
 
 
 
Employee stock options and warrants
619

 
709

 
Convertible subordinated notes—1 7/8 percent

 
1,015

 
Convertible subordinated notes—4 percent
11,866

 
10,794

 
Restricted stock units
585

 
617

 
Denominator for diluted earnings per share—adjusted weighted-average common shares
106,380

 
76,266

 
Basic earnings per share
$
0.22

 
$
0.21

 
Diluted earnings per share
$
0.19

 
$
0.17