Earnings Per Share Reconciliation (Tables)

12 Months Ended

Dec. 31, 2013

Earnings Per Share Reconciliation

Computation of basic and diluted earnings per share

	YEAR ENDED DECEMBER 31,
(in thousands, except share data)		2013			2012			2011
NUMERATOR
Net income (loss) from continuing operations	$	379,099		$	42,382		$	(29,867	)
Net income (loss) from discontinued operations		106			(2,000	)		(20,883	)
Less: distributed earnings allocated to nonvested restricted stock		(13	)		(42	)		–
Less: undistributed earnings allocated to nonvested restricted stock		(1,135	)		(313	)		–
Numerator for basic income (loss) per share		378,057			40,027			(50,750	)
Plus: interest on 1.6 percent convertible senior notes due 2018		2,916			1,829			–
Plus: interest on 0.25 percent convertible senior notes due 2019		710			–			–
Plus: undistributed earnings allocated to nonvested restricted stock		1,135			313			–
Less: undistributed earnings reallocated to nonvested restricted stock		(931	)		(284	)		–
Numerator for diluted income (loss) per share	$	381,887		$	41,885		$	(50,750	)
DENOMINATOR
Basic earnings per share—weighted-average shares		45,966,307			44,761,178			44,357,470
Effect of dilutive securities:
Share-based payments		1,031,656			487,443			–
1.6 percent convertible senior notes due 2018		7,023,780			4,406,700			–
0.25 percent convertible senior notes due 2019		2,198,196			–			–
Diluted earnings per share—adjusted weighted-average shares and assumed conversions		56,219,939			49,655,321			44,357,470
NET INCOME (LOSS) PER COMMON SHARE
Basic
Continuing operations	$	8.22		$	0.93		$	(0.67	)
Discontinued operations		0.00			(0.04	)		(0.47	)
Total		8.22			0.89			(1.14	)
Diluted
Continuing operations		6.79			0.88			(0.67	)
Discontinued operations		0.00			(0.04	)		(0.47	)
Total	$	6.79		$	0.84		$	(1.14	)