| Earnings Per Share [Text Block] |
Note 3 – Earnings per Share
The following table presents the reconciliation of the numerator and denominator for calculating earnings per share from continuing operations:
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Second Quarter
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First Half
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(In thousands, except per share data)
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2014
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2013
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2014
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2013
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Basic EPS:
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Income from continuing operations
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$
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20,329
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$
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11,859
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$
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32,071
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$
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26,726
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Weighted average number of common shares outstanding
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83,010
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84,813
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83,872
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84,459
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Basic income from continuing operations per common share
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$
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0.24
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$
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0.14
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$
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0.38
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$
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0.32
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Diluted EPS:
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Income from continuing operations
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$
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20,329
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$
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11,859
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$
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32,071
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$
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26,726
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Assumed conversions of Senior Notes
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1,253
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1,251
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2,514
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2,501
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Adjusted income from continuing operations
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$
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21,582
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$
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13,110
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$
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34,585
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$
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29,227
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Weighted average number of common shares outstanding-basic
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83,010
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84,813
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83,872
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84,459
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Add: Dilutive effect of stock options and restricted stock awards
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1,743
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1,810
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1,705
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1,727
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Dilutive effect of Senior Notes
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15,682
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15,682
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15,682
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15,682
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Diluted weighted average number of common shares outstanding
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100,435
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102,305
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101,259
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101,868
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Diluted income from continuing operations per common share
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$
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0.21
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$
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0.13
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$
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0.34
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$
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0.29
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Stock options and restricted stock excluded from calculation of diluted earnings per share because anti-dilutive for the period
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816
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377
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719
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240
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Weighted average dilutive stock options and restricted stock outstanding totaled approximately 4.9 million and 5.3 million shares for the second quarter of 2014 and 2013, respectively, and 4.9 million and 5.7 million shares for the first half of 2014 and 2013, respectively. The resulting net effect of stock options and restricted stock were used in calculating diluted earnings per share for the period.
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