| Dilutive effect on earnings per share |
The following table illustrates the dilutive effect of such items on earnings per share for the second quarter and six-month periods ended June 30, 2013 and 2012:
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Second Quarter Ended June 30, 2013 |
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Income (Loss)
From Continuing
Operations |
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Income (Loss)
From Discontinued
Operations |
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Net Income (Loss) |
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Weighted
Average
Shares |
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Amount |
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Per
Share
Amount |
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Amount |
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Per
Share
Amount |
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Amount |
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Per
Share
Amount |
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(In thousands, except per share amounts) |
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Earnings (loss) and shares
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52,597 |
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$ |
8,717 |
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$ |
199 |
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$ |
8,916 |
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Effect of participating securities:
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Non-vested restricted stock and stock units
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(71 |
) |
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— |
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(71 |
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Basic earnings (loss) and shares
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52,597 |
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$ |
8,646 |
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$ |
0.16 |
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$ |
199 |
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$ |
0.01 |
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$ |
8,845 |
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$ |
0.17 |
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Effect of dilutive securities:
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Stock compensation plans
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345 |
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Diluted earnings (loss) and shares
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52,942 |
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$ |
8,646 |
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$ |
0.16 |
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$ |
199 |
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$ |
0.01 |
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$ |
8,845 |
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$ |
0.17 |
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Second Quarter Ended June 30, 2012 |
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Income (Loss)
From
Continuing
Operations
|
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Income (Loss)
From Discontinued
Operations |
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Net Income (Loss) |
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Weighted
Average
Shares |
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|
Amount |
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Per
Share
Amount |
|
|
Amount |
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Per
Share
Amount |
|
|
Amount |
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Per
Share
Amount |
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(In thousands, except per share amounts) |
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Earnings (loss) and shares
|
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52,593 |
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$ |
28,998 |
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$ |
(819 |
) |
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$ |
28,179 |
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Effect of participating securities:
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Non-vested restricted stock and stock units
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(452 |
) |
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— |
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(452 |
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Basic earnings (loss) and shares
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52,593 |
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$ |
28,546 |
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$ |
0.54 |
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$ |
(819 |
) |
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$ |
(0.01 |
) |
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$ |
27,727 |
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$ |
0.53 |
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Effect of dilutive securities:
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Contingently convertible debt (5.0% Convertible Notes)
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10,535 |
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1,856 |
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33 |
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1,889 |
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Stock compensation plans
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378 |
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Diluted earnings (loss) and shares
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63,506 |
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$ |
30,402 |
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$ |
0.48 |
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$ |
(786 |
) |
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$ |
(0.01 |
) |
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$ |
29,616 |
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$ |
0.47 |
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Six Months Ended June 30, 2013 |
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Income (Loss)
From
Continuing
Operations
|
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Income (Loss)
From Discontinued
Operations |
|
|
Net Income (Loss) |
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| |
|
Weighted
Average
Shares |
|
|
Amount |
|
|
Per
Share
Amount |
|
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Amount |
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Per
Share
Amount |
|
|
Amount |
|
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Per
Share
Amount |
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(In thousands, except per share amounts) |
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Earnings (loss) and shares
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52,591 |
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$ |
30,415 |
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$ |
(208 |
) |
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$ |
30,207 |
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Effect of participating securities:
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Non-vested restricted stock and stock units
|
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(237 |
) |
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— |
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(237 |
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Basic earnings (loss) and shares
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52,591 |
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$ |
30,178 |
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$ |
0.57 |
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$ |
(208 |
) |
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$ |
— |
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$ |
29,970 |
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$ |
0.57 |
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Effect of dilutive securities:
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Stock compensation plans
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346 |
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Diluted earnings (loss) and shares
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52,937 |
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$ |
30,178 |
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$ |
0.57 |
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$ |
(208 |
) |
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$ |
— |
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$ |
29,970 |
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$ |
0.57 |
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Six Months Ended June 30, 2012 |
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Income (Loss)
From
Continuing
Operations
|
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Income (Loss)
From Discontinued
Operations |
|
|
Net Income (Loss) |
|
| |
|
Weighted
Average
Shares |
|
|
Amount |
|
|
Per
Share
Amount |
|
|
Amount |
|
|
Per
Share
Amount |
|
|
Amount |
|
|
Per
Share
Amount |
|
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|
(In thousands, except per share amounts) |
|
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Earnings (loss) and shares
|
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52,409 |
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$ |
50,143 |
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$ |
(1,466 |
) |
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$ |
48,677 |
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Effect of participating securities:
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Non-vested restricted stock and stock units
|
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(777 |
) |
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— |
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(777 |
) |
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Basic earnings (loss) and shares
|
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52,409 |
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$ |
49,366 |
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$ |
0.94 |
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$ |
(1,466 |
) |
|
$ |
(0.03 |
) |
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$ |
47,900 |
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$ |
0.91 |
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Effect of dilutive securities:
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Contingently convertible debt (5.0% Convertible Notes)
|
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|
11,106 |
|
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|
3,981 |
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|
80 |
|
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|
4,061 |
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Stock compensation plans
|
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|
448 |
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Diluted earnings (loss) and shares
|
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63,963 |
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$ |
53,347 |
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|
$ |
0.83 |
|
|
$ |
(1,386 |
) |
|
$ |
(0.02 |
) |
|
$ |
51,961 |
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$ |
0.81 |
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