Quarterly report pursuant to Section 13 or 15(d)

Earnings/(Loss) Per Share (Tables)

v2.4.0.8
Earnings/(Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Basic and diluted (loss)/earnings per common share
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
Basic weighted average number of shares outstanding
36,151

 
32,755

 
35,976

 
32,694

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

 
—

 
2,176

 
—

Stock options and unvested restricted stock
431

 
349

 
510

 
392

Diluted weighted average shares outstanding
38,758

 
33,104

 
38,662

 
33,086

 
 
 
 
 
 
 
 
Net earnings as reported
$
28,143

 
$
8,005

 
$
40,184

 
$
3,251

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

 
—

 
782

 
—

Net earnings for earnings per share
$
28,536

 
$
8,005

 
$
40,966

 
$
3,251

Basic earnings per share
$
0.78

 
$
0.24

 
$
1.12

 
$
0.10

Diluted earnings per share (1)
$
0.74

 
$
0.24

 
$
1.06

 
$
0.10

Antidilutive stock options not included in the calculation of diluted income per share
5

 
260

 
3

 
255

 
(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.