Note 3 - Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

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:

	Second Quarter				First Half
(In thousands, except per share data)	2014		2013		2014		2013
Basic EPS:
Income from continuing operations	$	20,329	$	11,859	$	32,071	$	26,726
Weighted average number of common shares outstanding		83,010		84,813		83,872		84,459
Basic income from continuing operations per common share	$	0.24	$	0.14	$	0.38	$	0.32
Diluted EPS:
Income from continuing operations	$	20,329	$	11,859	$	32,071	$	26,726
Assumed conversions of Senior Notes		1,253		1,251		2,514		2,501
Adjusted income from continuing operations	$	21,582	$	13,110	$	34,585	$	29,227
Weighted average number of common shares outstanding-basic		83,010		84,813		83,872		84,459
Add: Dilutive effect of stock options and restricted stock awards		1,743		1,810		1,705		1,727
Dilutive effect of Senior Notes		15,682		15,682		15,682		15,682
Diluted weighted average number of common shares outstanding		100,435		102,305		101,259		101,868
Diluted income from continuing operations per common share	$	0.21	$	0.13	$	0.34	$	0.29
Stock options and restricted stock excluded from calculation of diluted earnings per share because anti-dilutive for the period		816		377		719		240

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.