EARNINGS PER SHARE:

12 Months Ended

Dec. 31, 2014

EARNINGS PER SHARE

EARNINGS PER SHARE

13.  EARNINGS PER SHARE:

The following table reconciles income (numerator) and shares (denominator) used in our computations of earnings per share for the years ended December 31, 2014, 2013 and 2012 (in thousands):

	2014			2013			2012
Income (Numerator)
Income from continuing operations	$	215,115		$	64,259		$	144,488
Income impact of assumed conversion of the 4.875% Notes, net of taxes	—			—			180
Net income attributable to noncontrolling interests included in continuing operations	(2,836		)	(2,349		)	(287		)
Numerator for diluted earnings per common share from continuing operations available to common shareholders	212,279			61,910			144,381
Income from discontinued operations, net of taxes	—			11,558			465
Numerator for diluted earnings available to common shareholders	$	212,279		$	73,468		$	144,846
Shares (Denominator)
Weighted-average common shares outstanding	97,114			93,207			81,020
Dilutive effect of outstanding stock settled appreciation rights, restricted stock awards and stock options	705			638			36
Dilutive effect of 4.875% Notes	—			—			254
Weighted-average common and common equivalent shares outstanding	97,819			93,845			81,310

Potentially dilutive securities which would have an anti-dilutive effect were 0.3 million, zero, and 1.5 million shares and for the year ended December 31, 2014, 2013, and 2012, respectively. The decrease in 2013 compared to 2012 of anti-dilutive securities is primarily related to the increase of the stock price in 2013.  The net earnings 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.