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Earnings (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Computation of Earnings (Loss) Per Share

For the years ended December 31, 2014, 2013, and 2012, earnings (loss) per share were computed as follows (in thousands, except per-share amounts):

 

     Year Ended December 31,  
             2014                      2013                      2012          

Weighted average shares:

        

Weighted average common shares outstanding

       50,789         50,693         51,566       

Effect of dilutive securities outstanding

     591         370         277       
  

 

 

 

Diluted weighted average shares outstanding

       51,380         51,063         51,843       
  

 

 

 

Earnings (loss):

        

Income (loss) from continuing operations

         $ 32,429             $ 134,225             $ 121,897       

Income from discontinued operations

     0         133         1,007       
  

 

 

 

Net income (loss)

         $ 32,429             $ 134,358             $ 122,904       
  

 

 

 

Basic per share amounts:

        

Income (loss) from continuing operations

         $ 0.64             $ 2.65             $ 2.36       

Income from discontinued operations

     0.00         0.00         0.02       
  

 

 

 

Net income (loss)

         $ 0.64             $ 2.65             $ 2.38       
  

 

 

 

Diluted per share amounts:

        

Income (loss) from continuing operations

         $ 0.63             $ 2.63             $ 2.35       

Income from discontinued operations

     0.00         0.00         0.02       
  

 

 

 

Net income (loss)

         $ 0.63             $ 2.63             $ 2.37       
  

 

 

 

Potentially Dilutive Securities Excluded from Earnings (Loss) Per Share Calculation

The potentially dilutive securities that were excluded from the earnings (loss) per share calculation consist of stock options and stock appreciation rights (SARs) with an exercise price greater than the average market price of the Class A Common Stock. These options were as follows:

 

     Year Ended December 31,  
             2014                      2013                      2012          
  

 

 

 

Potentially dilutive shares

     175,902         168,472         1,753,311