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Earnings (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

earnings (loss) per share were computed as follows (in thousands, except per-share amounts):

 

     Year Ended December 31,  
             2013                      2012                      2011          
  

 

 

 

Weighted average shares:

        

Weighted average common shares outstanding

     50,693         51,566         53,854       

Effect of dilutive securities outstanding

     370         277         337       
  

 

 

 

Diluted weighted average shares outstanding

     51,063         51,843         54,191       
  

 

 

 

Earnings (loss):

        

Income from continuing operations

     $ 134,225         $ 121,897         $ 130,343       

Income (loss) from discontinued operations

     133         1,007         44,300       
  

 

 

 

Net Income

     $ 134,358         $ 122,904         $ 174,643       
  

 

 

 

Basic per share amounts:

        

Income from continuing operations

     $ 2.65         $ 2.36         $ 2.42       

Income (loss) from discontinued operations

     0.00         0.02         0.82       
  

 

 

 

Net Income

     $ 2.65         $ 2.38         $ 3.24       
  

 

 

 

Diluted per share amounts:

        

Income from continuing operations

     $ 2.63         $ 2.35         $ 2.40       

Income (loss) from discontinued operations

     0.00         0.02         0.82       
  

 

 

 

Net Income

     $ 2.63         $ 2.37         $ 3.22       
  

 

 

 
Potentially Dilutive Securities Excluded from Earnings Per Share Calculation

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,  
  

 

 

 
             2013                      2012                      2011          
  

 

 

 

Potentially dilutive shares

     168,472         1,753,311         1,425,880