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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2013
EARNINGS PER SHARE  
Schedule of reconciliation of income (numerator) and shares (denominator) used in computation of diluted 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,

 

 

 

2013

 

2012

 

2013

 

2012

 

Income (Numerator)

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

30,551

 

$

26,477

 

$

60,022

 

$

85,736

 

Income impact of assumed conversion of the 4.875% Notes, net of taxes

 

 

45

 

 

135

 

Net (income) loss attributable to noncontrolling interests included in continuing operations

 

(309

)

(107

)

(415

)

106

 

Numerator for diluted earnings per common share from continuing operations available to common shareholders

 

30,242

 

26,415

 

59,607

 

85,977

 

Income (loss) from discontinued operations, net of taxes

 

6,100

 

(125

)

11,558

 

(178

)

Numerator for diluted earnings available to common shareholders

 

$

36,342

 

$

26,290

 

$

71,165

 

$

85,799

 

 

 

 

 

 

 

 

 

 

 

Shares (Denominator)

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

99,473

 

81,081

 

90,982

 

80,990

 

Dilutive effect of stock settled appreciation rights, restricted stock awards and outstanding stock options

 

766

 

44

 

567

 

23

 

Dilutive effect of 4.875% Notes

 

 

254

 

 

254

 

Weighted-average common and common equivalent shares outstanding

 

100,239

 

81,379

 

91,549

 

81,267