EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2012

EARNINGS PER SHARE

EARNINGS PER SHARE

6.EARNINGS PER SHARE

The following table reconciles income (numerator) and shares (denominator) used in our computations of diluted earnings per share for the periods presented (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Income (Numerator)
Income from continuing operations	$	26,576		$	19,441		$	85,772		$	53,235
Income impact of assumed conversion of the 4.875% Notes, net of taxes	45			42			135			125
Net (income) loss attributable to noncontrolling interests included in continuing operations	(107		)	(93		)	106			161
Numerator for diluted earnings per common share from continuing operations available to common shareholders	26,514			19,390			86,013			53,521
Loss from discontinued operations	(224		)	(110		)	(214		)	(300		)
Numerator for diluted earnings available to common shareholders	$	26,290		$	19,280		$	85,799		$	53,221
Shares (Denominator)
Weighted-average common shares outstanding	81,081			80,764			80,990			80,623
Dilutive effect of stock settled appreciation rights, restricted stock awards and outstanding stock options	44			50			23			53
Dilutive effect of 4.875% Notes	254			254			254			254
Weighted-average common and common equivalent shares outstanding	81,379			81,068			81,267			80,930

Approximately 1.4 million and 1.1 million shares of common stock for the three months ended September 30, 2012 and 2011, respectively, and 1.5 million and 1.1 million for the nine months ended September 30, 2012 and 2011, respectively, were excluded from the computation of diluted earnings per common share for these periods because their effect would have been antidilutive. The increase in potentially dilutive securities is primarily related to the issuance of new stock settled appreciation rights in March 2012.  The net income per share amounts are the same for Class A and Class B Common Stock because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.