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EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
Basic earnings per share (“EPS”) is computed based on the weighted-average number of shares of common stock outstanding. Diluted EPS is computed based on the weighted-average number of shares of common stock outstanding plus common stock equivalents assuming exercise of stock options, where dilutive, except in periods where losses are presented because the effects of common stock equivalents are anti-dilutive. Options to purchase approximately 2.7 million, 1.2 million and 237,000 shares were outstanding during the years ended December 31, 2013, 2012 and 2011, respectively, but were excluded from the calculation of diluted EPS for the years then ended because the options’ exercise price was greater than the average market price of the common shares. The following is a calculation of basic and diluted earnings per share and weighted-average shares outstanding (in thousands, except per share amounts):
 
2013
 
2012
 
2011
Income from continuing operations—basic and diluted
$
16,246

 
$
38,087

 
$
34,100

 
 
 
 
 
 
Weighted-average shares outstanding—basic
56,473

 
61,192

 
65,809

Add shares issuable upon exercise of stock options
3,003

 
3,412

 
4,244

Weighted-average shares outstanding—diluted
59,476

 
64,604

 
70,053

 
 
 
 
 
 
Basic earnings per share
$
0.29

 
$
0.62

 
$
0.52

Diluted earnings per share
$
0.27

 
$
0.59

 
$
0.49