Income Per Share

12 Months Ended

Dec. 31, 2012

Income Per Share

Note 7: Income Per Share

The following table presents the basis of the income per share computation:

	Years Ended December 31,
	2012		2011		2010
	(In thousands)
Numerator for basic and diluted income per share:
Income from continuing operations	$	43,236	$	101,308	$	61,276
Income from discontinued operations, net of tax		16,774		13,037		2,336
Gain from disposal of discontinued operations, net of tax		134,480		—		44,847
Net income	$	194,490	$	114,345	$	108,459
Denominator:
Denominator for basic income per share—weighted average shares		45,097		47,109		46,805
Effect of dilutive common stock equivalents		845		995		978
Denominator for diluted income per share—adjusted weighted average shares		45,942		48,104		47,783

For the years ended December 31, 2012, 2011, and 2010, diluted weighted average shares outstanding do not include outstanding equity awards of 0.9 million, 0.8 million, and 1.3 million, respectively, because to do so would have been anti-dilutive.

For purposes of calculating basic earnings per share, unvested restricted stock units are not included in the calculation of basic weighted average shares outstanding until all necessary conditions have been satisfied and issuance of the shares underlying the restricted stock units is no longer contingent. Necessary conditions are not satisfied until the vesting date, at which time holders of our restricted stock units receive shares of our common stock.

For purposes of calculating diluted earnings per share, unvested restricted stock units are included to the extent that they are dilutive. In determining whether unvested restricted stock units are dilutive, each issuance of restricted stock units is considered separately.

Once a restricted stock unit has vested, it is included in the calculation of both basic and diluted weighted average shares outstanding.