XML 98 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The calculation of basic and diluted earnings per common share follows (in thousands, except per share amounts):
 
December 31
 
2013
 
2012
 
2011
Earnings (loss) from continuing operations
$
(19,625
)
 
$
41,648

 
$
23,865

Weighted-average shares outstanding for basic earnings per share
63,992

 
63,461

 
63,284

Common equivalent shares:
 
 
 
 
 
Effect of stock-based compensation awards
—

 
959

 
801

Weighted-average shares outstanding assuming dilution
63,992

 
64,420

 
64,085

Basic earnings (loss) per share from continuing operations
$
(0.31
)
 
$
0.66

 
$
0.38

Diluted earnings (loss) per share from continuing operations
$
(0.31
)
 
$
0.65

 
$
0.37


Basic weighted average shares outstanding for purposes of basic earnings per share are less than the shares outstanding due to 481,900 shares, 370,400 shares and 584,700 shares of restricted stock for 2013, 2012 and 2011, respectively, which are accounted for as part of diluted weighted average shares outstanding in diluted earnings per share. The number of equivalent shares that were not included in weighted average shares outstanding assuming dilution, because their effect would have been anti-dilutive, was none, 229,000 and 176,000 at December 31, 2013, 2012 and 2011, respectively.