Quarterly report pursuant to Section 13 or 15(d)

Earnings/(Loss) Per Share (Tables)

v2.4.0.8
Earnings/(Loss) Per Share (Tables)
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Basic and diluted (loss)/earnings per common share
 
 
Three Months Ended September 30
 
Nine Months Ended September 30
 
2013
 
2012
 
2013
 
2012
Basic weighted average number of shares outstanding
36,226

 
35,216

 
36,060

 
33,541

Effect of dilutive securities:
 
 
 
 
 
 
 
Convertible debt (1)
2,176

 
—

 
2,176

 
—

Stock options and unvested restricted stock
463

 
545

 
535

 
469

Diluted weighted average shares outstanding
38,865

 
35,761

 
38,771

 
34,010

 
 
 
 
 
 
 
 
Net earnings as reported
$
38,191

 
$
6,784

 
$
78,375

 
$
10,035

Interest attributable to convertible senior notes, net of income taxes
393

 
—

 
1,180

 
—

Net earnings for earnings per share
$
38,584

 
$
6,784

 
$
79,555

 
$
10,035

Basic earnings per share
$
1.05

 
$
0.19

 
$
2.17

 
$
0.30

Diluted earnings per share (1)
$
0.99

 
$
0.19

 
$
2.05

 
$
0.30

Antidilutive stock options not included in the calculation of diluted income per share
10

 
530

 
5

 
348

 
(1)
In the third quarter of 2012, we issued $126.5 million of 1.875% convertible senior notes convertible into shares of our common stock at a rate of 17.1985 shares per $1,000 principle amount. In accordance with ASC Subtopic 260-10, Earnings Per Share, ("ASC 260-10") we calculate the dilutive effect of convertible securities using the "if-converted" method.