Earnings Per Share Reconciliation (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share Reconciliation

Computation of basic and diluted earnings per share

	YEAR ENDED DECEMBER 31,
(in thousands, except share data)		2014			2013			2012
NUMERATOR
Net income from continuing operations	$	175,799		$	379,099		$	42,382
Net income (loss) from discontinued operations		–			106			(2,000	)
Less: distributed earnings allocated to nonvested restricted stock		–			(13	)		(42	)
Less: undistributed earnings allocated to nonvested restricted stock		(56	)		(1,135	)		(313	)
Numerator for basic earnings per share		175,743			378,057			40,027
Plus: interest on 1.6 percent convertible senior notes due 2018		2,916			2,916			1,829
Plus: interest on 0.25 percent convertible senior notes due 2019		1,197			710			–
Plus: undistributed earnings allocated to nonvested restricted stock		56			1,135			313
Less: undistributed earnings reallocated to nonvested restricted stock		(45	)		(931	)		(284	)
Numerator for diluted earnings per share	$	179,867		$	381,887		$	41,885
DENOMINATOR
Basic earnings per share—weighted-average shares		46,579,641			45,966,307			44,761,178
Effect of dilutive securities:
Share-based payments		1,048,782			1,031,656			487,443
1.6 percent convertible senior notes due 2018		7,023,780			7,023,780			4,406,700
0.25 percent convertible senior notes due 2019		3,565,962			2,198,196			–
Diluted earnings per share—adjusted
weighted-average shares and assumed conversions		58,218,165			56,219,939			49,655,321
NET INCOME (LOSS) PER COMMON SHARE
Basic
Continuing operations	$	3.77		$	8.22		$	0.93
Discontinued operations		0.00			0.00			(0.04	)
Total		3.77			8.22			0.89
Diluted
Continuing operations		3.09			6.79			0.88
Discontinued operations		0.00			0.00			(0.04	)
Total	$	3.09		$	6.79		$	0.84