Earnings Per Share Reconciliation (Tables)

9 Months Ended

Sep. 30, 2014

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)	2014		2013			2014			2013
NUMERATOR
Net income from continuing operations	$	48,528	$	53,558		$	104,097		$	306,793
Net income from discontinued operations	-		91			-			167
Less: distributed earnings allocated to nonvested restricted stock	-		(3		)	-			(10		)
Less: undistributed earnings allocated to nonvested restricted stock	-		(119		)	(44		)	(997		)
Numerator for basic earnings per share	48,528		53,527			104,053			305,953
Plus: interest on 1.6 percent convertible senior notes due 2018	729		729			2,187			2,187
Plus: interest on 0.25 percent convertible senior notes due 2019	299		297			898			407
Plus: undistributed earnings allocated to nonvested restricted stock	-		119			44			997
Less: undistributed earnings reallocated to nonvested restricted stock	-		(96		)	(35		)	(824		)
Numerator for diluted earnings per share	$	49,556	$	54,576		$	107,147		$	308,720
DENOMINATOR
Basic earnings per share—weighted-average shares	46,613,492		46,174,767			46,702,982			45,882,932
Effect of dilutive securities:
Share-based payments	1,008,349		914,480			1,056,556			995,257
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		3,565,962			3,565,962			1,756,567
Diluted earnings per share—adjusted weighted-average
shares and assumed conversions	58,211,583		57,678,989			58,349,280			55,658,536
NET INCOME PER COMMON SHARE
Basic	$	1.04	$	1.16		$	2.23		$	6.67
Diluted	$	0.85	$	0.95		$	1.84		$	5.55