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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Schedule of Calculation of Numerator and Denominator in Earnings Per Share

A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data):

 

     For the Three Months
Ended September 30,
     For the Nine Months
Ended September 30,
 
     2013     2012      2013     2012  

NUMERATOR

         

Basic:

         

Income from continuing operations

   $ 52,506      $ 42,240       $ 257,121      $ 111,708   

(Loss) income from discontinued operations, net of taxes

     (663     99         (3,757     (355
  

 

 

   

 

 

    

 

 

   

 

 

 

Net income

   $ 51,843      $ 42,339       $ 253,364      $ 111,353   
  

 

 

   

 

 

    

 

 

   

 

 

 

Diluted:

         

Income from continuing operations

   $ 52,506      $ 42,240       $ 257,121      $ 111,708   

(Loss) income from discontinued operations, net of taxes

     (663     99         (3,757     (355
  

 

 

   

 

 

    

 

 

   

 

 

 

Diluted net income

   $ 51,843      $ 42,339       $ 253,364      $ 111,353   
  

 

 

   

 

 

    

 

 

   

 

 

 

DENOMINATOR

         

Basic:

         

Weighted average common shares outstanding

     115,282        99,637         107,640        99,500   
  

 

 

   

 

 

    

 

 

   

 

 

 

Diluted:

         

Weighted average common shares outstanding

     115,282        99,637         107,640        99,500   

Effect of dilutive securities:

         

Stock options

     1,165        973         1,335        790   

Restricted stock-based compensation

     425        232         325        174   
  

 

 

   

 

 

    

 

 

   

 

 

 

Weighted average shares and assumed conversions

     116,872        100,842         109,300        100,464   
  

 

 

   

 

 

    

 

 

   

 

 

 

BASIC EARNINGS PER SHARE:

         

Income from continuing operations

   $ 0.46      $ 0.42       $ 2.38      $ 1.12   

(Loss) income from discontinued operations, net of taxes

     (0.01     —           (0.03     —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Net income

   $ 0.45      $ 0.42       $ 2.35      $ 1.12   
  

 

 

   

 

 

    

 

 

   

 

 

 

DILUTED EARNINGS PER SHARE:

         

Income from continuing operations

   $ 0.45      $ 0.42       $ 2.35      $ 1.11   

(Loss) income from discontinued operations, net of taxes

     (0.01     —           (0.03     —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Net income

   $ 0.44      $ 0.42       $ 2.32      $ 1.11