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Net Earnings (Loss) Per Common Share
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Common Share
Net Earnings (Loss) Per Common Share

The following table sets forth the computation of basic and diluted net earnings (loss) per common share for the periods indicated. 
(In thousands except per share data)
For the Three Months Ended March 31,
 
2013
 
2012
Basic
 
 
 
Average common shares outstanding
31,902

 
31,819

 
 
 
 
Net earnings (loss) from continuing operations
$
(4,533
)
 
$
5,605

Net earnings from discontinued operations
$
39,714

 
$
2,628

Net earnings
$
35,181

 
$
8,233

 
 
 
 
Net earnings (loss) per common share from continuing operations
$
(0.14
)
 
$
0.18

Net earnings per common share from discontinued operations
$
1.24

 
$
0.08

Net earnings per common share
$
1.10

 
$
0.26

 
 
 
 
Diluted
 
 
 
Average common shares outstanding
31,902

 
31,819

Shares related to convertible debt
—

 
—

Stock options and awards
32

 
3

Average common shares assuming dilution
31,934

 
31,822

 
 
 
 
Net earnings (loss) from continuing operations
$
(4,533
)
 
$
5,605

Net earnings from discontinued operations
$
39,714

 
$
2,628

Net earnings
$
35,181

 
$
8,233

 
 
 
 
Net earnings (loss) per common share from continuing operations *
$
(0.14
)
 
$
0.18

Net earnings per common share from discontinued operations
$
1.24

 
$
0.08

Net earnings per common share
$
1.10

 
$
0.26



* Net loss per common share assuming dilution calculated utilizing weighted average shares outstanding-basic for the period in which there was a net loss.

For the three months ended March 31, 2013, 5,103,319 shares associated with stock options were excluded from the average common shares assuming dilution as they were anti-dilutive. At March 31, 2013, the majority of the anti-dilutive shares were granted at an exercise price of $41.87, which was higher than the average fair market value price of $15.41 for the three months ended March 31, 2013. For the three months ended March 31, 2012, 4,287,922 shares associated with stock options were excluded from the average common shares assuming dilution as they were anti-dilutive. At March 31, 2012, the majority of the anti-dilutive shares were granted at an exercise price of $24.45, which was higher than the average fair market value price of $16.74 for the three months ended March 31, 2012. For the three months ended March 31, 2013 and March 31, 2012, there were no shares necessary to settle a conversion spread on the convertible notes to be included in the common shares assuming dilution as the average market price of the company stock for 2012 did not exceed the conversion price.