Earnings Per Share Reconciliation (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share Reconciliation

Computation of basic and diluted earnings per share

	THREE MONTHS ENDED						NINE MONTHS ENDED
	SEPTEMBER 30,						SEPTEMBER 30,
(in thousands, except share data)	2013			2012			2013			2012
NUMERATOR
Net income from continuing operations	$	53,558		$	10,407		$	306,793		$	13,435
Net income (loss) from discontinued operations	91			238			167			(1,626		)
Less: distributed earnings allocated to nonvested restricted stock	(3		)	(10		)	(10		)	(32		)
Less: undistributed earnings allocated to nonvested restricted stock	(119		)	(69		)	(997		)	(73		)
Numerator for basic income (loss) per share	53,527			10,566			305,953			11,704
Plus: interest on 1.6 percent convertible senior notes due 2018	729			729			2,187			-
Plus: interest on 0.25 percent convertible senior notes due 2019	297			-			407			-
Plus: undistributed earnings allocated to nonvested restricted stock	119			69			997			73
Less: undistributed earnings reallocated to nonvested restricted stock	(96		)	(59		)	(824		)	(74		)
Numerator for diluted income (loss) per share	$	54,576		$	11,305		$	308,720		$	11,703
DENOMINATOR
Basic earnings per share—weighted-average shares	46,174,767			44,825,943			45,882,932			44,643,139
Effect of dilutive securities:
Share-based payments	914,480			616,047			995,257			336,769
1.6 percent convertible senior notes due 2018	7,023,780			7,023,780			7,023,780			-
0.25 percent convertible senior notes due 2019	3,565,962			-			1,756,567			-
Diluted earnings per share—adjusted weighted-average shares and assumed conversions	57,678,989			52,465,770			55,658,536			44,979,908
NET INCOME (LOSS) PER COMMON SHARE
Basic
Continuing operations	$	1.16		$	0.23		$	6.67		$	0.30
Discontinued operations	0.00			0.01			0.00			(0.04		)
Total	1.16			0.24			6.67			0.26
Diluted
Continuing operations	0.95			0.21			5.55			0.30
Discontinued operations	0.00			0.01			0.00			(0.04		)
Total	$	0.95		$	0.22		$	5.55		$	0.26