Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2011

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

Note 15 Earnings (Loss) Per Share

For the years ended December 31, 2011, 2010, and 2009, earnings (loss) per share were computed as follows (in thousands, except per-share amounts):

	Year Ended December 31,
	2011		2010		2009
Weighted average shares:
Weighted average common shares outstanding		53,854		57,143		59,306
Effect of dilutive securities outstanding		337		285		119
Diluted weighted average shares outstanding		54,191		57,428		59,425
Earnings (loss):
Income from continuing operations	$	130,343	$	104,614	$	48,491
Income (loss) from discontinued operations		44,300		(2,836)		(1,387)
Net Income	$	174,643	$	101,778	$	47,104
Basic per share amounts:
Income from continuing operations	$	2.42	$	1.83	$	0.81
Income (loss) from discontinued operations		0.82		(0.05)		(0.02)
Net Income	$	3.24	$	1.78	$	0.79
Diluted per share amounts:
Income from continuing operations	$	2.40	$	1.82	$	0.81
Income (loss) from discontinued operations		0.82		(0.05)		(0.02)
Net Income	$	3.22	$	1.77	$	0.79

The potentially dilutive securities that were excluded from the earnings (loss) per share calculation consist of stock options and stock appreciation rights (SARs) with an exercise price greater than the average market price of the Class A Common Stock. These options were as follows:

	Year Ended December 31,
	2011		2010		2009
Potentially dilutive shares		1,425,880		1,844,038		2,350,854