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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2014
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 March 31,
 
     2014      2013  

NUMERATOR

     

Basic:

     

Income from continuing operations

   $ 51,738       $ 181,447   

Loss from discontinued operations, net of taxes

     —           (355
  

 

 

    

 

 

 

Net income

   $ 51,738       $ 181,092   
  

 

 

    

 

 

 

Diluted:

     

Income from continuing operations

   $ 51,738       $ 181,447   

Loss from discontinued operations, net of taxes

     —           (355
  

 

 

    

 

 

 

Diluted net income

   $ 51,738       $ 181,092   
  

 

 

    

 

 

 

DENOMINATOR

     

Basic:

     

Weighted average common shares outstanding

     115,773         100,070   
  

 

 

    

 

 

 

Diluted:

     

Weighted average common shares outstanding

     115,773         100,070   

Effect of dilutive securities:

     

Stock options

     963         1,556   

Restricted stock-based compensation

     224         209   
  

 

 

    

 

 

 

Weighted average shares and assumed conversions

     116,960         101,835   
  

 

 

    

 

 

 

BASIC EARNINGS PER SHARE:

     

Income from continuing operations

   $ 0.45       $ 1.81   

Loss from discontinued operations, net of taxes

     —           —     
  

 

 

    

 

 

 

Net income

   $ 0.45       $ 1.81   
  

 

 

    

 

 

 

DILUTED EARNINGS PER SHARE:

     

Income from continuing operations

   $ 0.44       $ 1.78   

Loss from discontinued operations, net of taxes

     —           —     
  

 

 

    

 

 

 

Net income

   $ 0.44       $ 1.78