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Net Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2011
Reconciliation of Numerator and Denominator Utilized in Computation of Basic and Diluted Earnings Per Share

The following table sets forth the reconciliation of the numerator and denominator utilized in the computation of basic and diluted earnings per share (in thousands):

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2011     2010      2011     2010  

Numerator for earnings per share:

         

Earnings from continuing operations

   $ 29,762      $ 59,454       $ 81,626      $ 115,349   

Loss from discontinued operations

     (453     —           (1,002     —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Net earnings available to common shareholders – basic

     29,309        59,454         80,624        115,349   

Interest associated with convertible notes, net of tax

     —          371         —          935   
  

 

 

   

 

 

    

 

 

   

 

 

 

Net earnings available to common shareholders – diluted

   $ 29,309      $ 59,825       $ 80,624      $ 116,284   
  

 

 

   

 

 

    

 

 

   

 

 

 

Denominator for earnings per share:

         

Weighted average number of common shares outstanding

     159,796        154,495         159,599        153,702   

Assumed exercises of stock options and vesting of restricted stock awards, net of shares assumed reacquired under the treasury stock method

     2,754        3,189         2,828        3,300   

Assumed conversion of convertible notes

     —          3,959         —          4,624   
  

 

 

   

 

 

    

 

 

   

 

 

 

Weighted average diluted shares outstanding

     162,550        161,643         162,427        161,626   
  

 

 

   

 

 

    

 

 

   

 

 

 

Anti-dilutive shares of stock-based compensation awards excluded

     130        406         277        514