| Dilutive effect on earnings per share |
The following table illustrates the dilutive effect of such items on earnings per share for the first quarters ended March 31, 2013 and 2012:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
First Quarter Ended March 31, 2013 |
|
| |
|
|
|
|
Income (Loss)
From
Continuing
Operations
|
|
|
Income (Loss)
From
Discontinued
Operations
|
|
|
Net Income (Loss) |
|
| |
|
Weighted
Average
Shares
|
|
|
Amount |
|
|
Per
Share
Amount
|
|
|
Amount |
|
|
Per
Share
Amount
|
|
|
Amount |
|
|
Per
Share
Amount
|
|
| |
|
(In thousands, except per share amounts) |
|
| |
|
|
|
|
|
|
|
|
Earnings (loss) and shares
|
|
|
52,586 |
|
|
$ |
21,697 |
|
|
|
|
|
|
$ |
(406 |
) |
|
|
|
|
|
$ |
21,291 |
|
|
|
|
|
|
Effect of participating securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-vested restricted stock and stock units
|
|
|
|
|
|
|
(170 |
) |
|
|
|
|
|
|
— |
|
|
|
|
|
|
|
(170 |
) |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings (loss) and shares
|
|
|
52,586 |
|
|
$ |
21,527 |
|
|
$ |
0.41 |
|
|
$ |
(406 |
) |
|
$ |
(0.01 |
) |
|
$ |
21,121 |
|
|
$ |
0.40 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation plans
|
|
|
345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) and shares
|
|
|
52,931 |
|
|
$ |
21,527 |
|
|
$ |
0.41 |
|
|
$ |
(406 |
) |
|
$ |
(0.01 |
) |
|
$ |
21,121 |
|
|
$ |
0.40 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
First Quarter Ended March 31, 2012 |
|
| |
|
|
|
|
Income (Loss)
From
Continuing
Operations
|
|
|
Income (Loss)
From Discontinued
Operations |
|
|
Net Income (Loss) |
|
| |
|
Weighted
Average
Shares
|
|
|
Amount |
|
|
Per
Share
Amount
|
|
|
Amount |
|
|
Per
Share
Amount
|
|
|
Amount |
|
|
Per
Share
Amount
|
|
| |
|
(In thousands, except per share amounts) |
|
| |
|
|
|
|
|
|
|
|
Earnings (loss) and shares
|
|
|
52,224 |
|
|
$ |
21,145 |
|
|
|
|
|
|
$ |
(647 |
) |
|
|
|
|
|
$ |
20,498 |
|
|
|
|
|
|
Effect of participating securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-vested restricted stock and stock units
|
|
|
|
|
|
|
(329 |
) |
|
|
|
|
|
|
— |
|
|
|
|
|
|
|
(329 |
) |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings (loss) and shares
|
|
|
52,224 |
|
|
$ |
20,816 |
|
|
$ |
0.40 |
|
|
$ |
(647 |
) |
|
$ |
(0.01 |
) |
|
$ |
20,169 |
|
|
$ |
0.39 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contingently convertible debt (5.0% Convertible Notes)
|
|
|
11,676 |
|
|
|
2,125 |
|
|
|
|
|
|
|
47 |
|
|
|
|
|
|
|
2,172 |
|
|
|
|
|
|
Stock compensation plans
|
|
|
520 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) and shares
|
|
|
64,420 |
|
|
$ |
22,941 |
|
|
$ |
0.36 |
|
|
$ |
(600 |
) |
|
$ |
(0.01 |
) |
|
$ |
22,341 |
|
|
$ |
0.35 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|