EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2014

EARNINGS PER SHARE

EARNINGS PER SHARE

4. 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,
	2014			2013
Income (Numerator)
Income from continuing operations	$	27,657		$	16,515
Income impact of assumed conversion of the 4.875% Notes, net of taxes	—			45
Income impact of assumed conversion of the 3.0% Notes, net of taxes	—			26
Net (income) loss attributable to noncontrolling interests included in continuing operations	(499		)	127
Numerator for diluted earnings per common share from continuing operations available to common shareholders	27,158			16,713
Income from discontinued operations, net of taxes	—			355
Numerator for diluted earnings available to common shareholders	$	27,158		$	17,068
Shares (Denominator)
Weighted-average common shares outstanding	98,824			81,191
Dilutive effect of stock-settled appreciation rights, restricted stock awards and outstanding stock options	678			223
Dilutive effect of 4.875% Notes	—			339
Dilutive effect of 3.0% Notes	—			311
Weighted-average common and common equivalent shares outstanding	99,502			82,064

Potentially dilutive securities representing zero and 1.6 million shares of common stock for the three months ended March 31, 2014 and 2013, respectively, were excluded from the computation of diluted earnings per common share for these periods because their effect would have been antidilutive.  The decrease in potentially dilutive securities is primarily related to the increase in share price since March 31, 2013 as well the redemption of the 4.875% and 3.0% Notes.