Earnings Per Share Reconciliation (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share Reconciliation

Computation of basic and diluted earnings per share

	THREE MONTHS ENDED					SIX MONTHS ENDED
	JUNE 30,					JUNE 30,
(in thousands, except share data)	2014		2013			2014			2013
NUMERATOR
Net income from continuing operations	$	32,042	$	231,231		$	55,569		$	253,235
Net (loss) income from discontinued operations	-		(37		)	-			76
Less: distributed earnings allocated to nonvested restricted stock	-		(3		)	-			(7		)
Less: undistributed earnings allocated to nonvested restricted stock	-		(543		)	(35		)	(954		)
Numerator for basic income per share	32,042		230,648			55,534			252,350
Plus: interest on 1.6 percent convertible senior notes due 2018	729		729			1,458			1,458
Plus: interest on 0.25 percent convertible senior notes due 2019	299		110			598			110
Plus: undistributed earnings allocated to nonvested restricted stock	-		543			35			954
Less: undistributed earnings reallocated to nonvested restricted stock	-		(450		)	(28		)	(803		)
Numerator for diluted income per share	$	33,070	$	231,580		$	57,597		$	254,069
DENOMINATOR
Basic earnings per share—weighted-average shares	46,914,902		46,035,775			46,747,403			45,736,648
Effect of dilutive securities:
Share-based payments	926,184		1,024,134			975,081			1,001,655
1.6 percent convertible senior notes due 2018	7,023,780		7,023,780			7,023,780			7,023,780
0.25 percent convertible senior notes due 2019	3,565,962		1,606,642			3,565,962			807,759
Diluted earnings per share—adjusted weighted-average shares and assumed conversions	58,430,828		55,690,331			58,312,226			54,569,842
NET INCOME PER COMMON SHARE
Basic	$	0.68	$	5.01		$	1.19		$	5.52
Diluted	$	0.57	$	4.16		$	0.99		$	4.66