| Dilutive Effect on Earnings Per Share |
The following table illustrates the dilutive effect of such items
on earnings per share for the third quarter and nine-month periods
ended September 30, 2013 and 2012:
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Third Quarter Ended
September 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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| |
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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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| |
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(In thousands,
except per share amounts) |
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Earnings (loss) and shares
|
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|
52,553 |
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$ |
24,702 |
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$ |
(1,375 |
) |
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$ |
23,327 |
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Effect of participating securities:
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Non-vested restricted stock and stock units
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(172 |
) |
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— |
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(172 |
) |
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Basic earnings (loss) and shares
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52,553 |
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$ |
24,530 |
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$ |
0.47 |
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$ |
(1,375 |
) |
|
$ |
(0.03 |
) |
|
$ |
23,155 |
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$ |
0.44 |
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Effect of dilutive securities:
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Stock compensation plans
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365 |
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Diluted earnings (loss) and shares
|
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52,918 |
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$ |
24,530 |
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$ |
0.46 |
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$ |
(1,375 |
) |
|
$ |
(0.02 |
) |
|
$ |
23,155 |
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$ |
0.44 |
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Third Quarter Ended
September 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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| |
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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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| |
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(In thousands,
except per share amounts) |
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Earnings (loss) and shares
|
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|
55,069 |
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$ |
12,326 |
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$ |
(2,284 |
) |
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$ |
10,042 |
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Effect of participating securities:
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Non-vested restricted stock and stock units
|
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(182 |
) |
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— |
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(182 |
) |
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Basic earnings (loss) and shares
|
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55,069 |
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$ |
12,144 |
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$ |
0.22 |
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$ |
(2,284 |
) |
|
$ |
(0.04 |
) |
|
$ |
9,860 |
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|
$ |
0.18 |
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Effect of dilutive securities:
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Contingently convertible debt (5.0% Convertible Notes)
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3,534 |
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|
618 |
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2 |
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|
620 |
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Stock compensation plans
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|
408 |
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Diluted earnings (loss) and shares
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59,011 |
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$ |
12,762 |
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$ |
0.22 |
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$ |
(2,282 |
) |
|
$ |
(0.04 |
) |
|
$ |
10,480 |
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$ |
0.18 |
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Nine Months Ended September 30,
2013 |
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Income (Loss)
From Continuing
Operations |
|
|
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 |
|
| |
|
(In thousands,
except per share amounts) |
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Earnings (loss) and shares
|
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52,578 |
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$ |
55,117 |
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$ |
(1,582 |
) |
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$ |
53,535 |
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Effect of participating securities:
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Non-vested restricted stock and stock units
|
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(393 |
) |
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— |
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(393 |
) |
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Basic earnings (loss) and shares
|
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52,578 |
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$ |
54,724 |
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$ |
1.04 |
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$ |
(1,582 |
) |
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$ |
(0.03 |
) |
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$ |
53,142 |
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$ |
1.01 |
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Effect of dilutive securities:
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Stock compensation plans
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|
352 |
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Diluted earnings (loss) and shares
|
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52,930 |
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$ |
54,724 |
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$ |
1.03 |
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$ |
(1,582 |
) |
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$ |
(0.03 |
) |
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$ |
53,142 |
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$ |
1.00 |
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Nine Months Ended September 30,
2012 |
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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
|
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| |
|
(In thousands,
except per share amounts) |
|
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Earnings (loss) and shares
|
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|
53,302 |
|
|
$ |
62,470 |
|
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|
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|
$ |
(3,751 |
) |
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$ |
58,719 |
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Effect of participating securities:
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Non-vested restricted stock and stock units
|
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|
(949 |
) |
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— |
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|
(949 |
) |
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Basic earnings (loss) and shares
|
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53,302 |
|
|
$ |
61,521 |
|
|
$ |
1.15 |
|
|
$ |
(3,751 |
) |
|
$ |
(0.07 |
) |
|
$ |
57,770 |
|
|
$ |
1.08 |
|
|
Effect of dilutive securities:
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Contingently convertible debt (5.0% Convertible Notes)
|
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|
8,563 |
|
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|
4,599 |
|
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|
82 |
|
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|
4,681 |
|
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Stock compensation plans
|
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|
435 |
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Diluted earnings (loss) and shares
|
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|
62,300 |
|
|
$ |
66,120 |
|
|
$ |
1.06 |
|
|
$ |
(3,669 |
) |
|
$ |
(0.06 |
) |
|
$ |
62,451 |
|
|
$ |
1.00 |
|
|