EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2013

EARNINGS PER SHARE

EARNINGS PER SHARE

5. 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 March 31,
	2013		2012
Income (Numerator)
Income from continuing operations	$	16,515	$	29,125
Income impact of assumed conversion of the 4.875% Notes, net of taxes	45		45
Income impact of assumed conversion of the 3.0% Notes, net of taxes	26		—
Net loss attributable to noncontrolling interests included in continuing operations	127		285
Numerator for diluted earnings per common share from continuing operations available to common shareholders	16,713		29,455
Income (loss) from discontinued operations, net of taxes	355		(51		)
Numerator for diluted earnings available to common shareholders	$	17,068	$	29,404
Shares (Denominator)
Weighted-average common shares outstanding	81,191		80,852
Dilutive effect of stock-settled appreciation rights, restricted stock awards and outstanding stock options	223		21
Dilutive effect of 4.875% Notes	339		254
Dilutive effect of 3.0% Notes	311		—
Weighted-average common and common equivalent shares outstanding	82,064		81,127

Potentially dilutive securities representing 1.6 million and 1.5 million shares of common stock for the three months ended March 31, 2013 and 2012, 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 February 2013.  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.