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Income Per Common Share | 12 Months Ended
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Dec. 31, 2013
Income Per Common Share |
(6) | INCOME PER COMMON SHARE
Basic income or loss per share attributable to common shareholders is computed as (i) income or loss attributable to common shareholders (ii) less income allocable to participating securities (iii) divided by weighted average basic shares outstanding. Diluted income or loss per share attributable to common stockholders is computed as (i) basic income or loss attributable to common shareholders (ii) plus diluted adjustments to income allocable to participating securities (iii) divided by weighted average diluted shares outstanding. The following table sets forth a reconciliation of income or loss attributable to common shareholders to basic income or loss attributable to common shareholders and to diluted income or loss attributable to common shareholders (in thousands except per share amounts):
| Year Ended December 31, 2013 |  |  |  | Year Ended December 31, 2012 |  |  |  | Year Ended December 31, 2011 |
| Continuing Operations |  |  | Discontinued Operations |  |  | Total |  |  | Continuing Operations |  |  | Discontinued Operations |  |  | Total |  |  | Continuing Operations |  |  | Discontinued Operations |  |  | Total |
Income as reported | $ | 115,722 |  |  | $ | — |  |  | $ | 115,722 |  |  | $ | 13,002 |  |  | $ | — |  |  | $ | 13,002 |  |  | $ | 42,706 |  |  | $ | 15,320 |  |  | $ | 58,026 |
Participating basic earnings (a) |  | (1,975 | ) |  |  | — |  |  |  | (1,975 | ) |  |  | (460 | ) |  |  | — |  |  |  | (460 | ) |  |  | (763 | ) |  |  | (274 | ) |  |  | (1,037 | )
Basic income attributed to common shareholders |  | 113,747 |  |  |  | — |  |  |  | 113,747 |  |  |  | 12,542 |  |  |  | — |  |  |  | 12,542 |  |  |  | 41,943 |  |  |  | 15,046 |  |  |  | 56,989 |
Reallocation of participating earnings (a) |  | 9 |  |  |  | — |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 2 |  |  |  | 5 |
Diluted income attributed to common shareholders | $ | 113,756 |  |  | $ | — |  |  | $ | 113,756 |  |  | $ | 12,542 |  |  | $ | — |  |  | $ | 12,542 |  |  | $ | 41,946 |  |  | $ | 15,048 |  |  | $ | 56,994 |
Income per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.71 |  |  | $ | — |  |  | $ | 0.71 |  |  | $ | 0.08 |  |  | $ | — |  |  | $ | 0.08 |  |  | $ | 0.26 |  |  | $ | 0.10 |  |  | $ | 0.36 |
Diluted | $ | 0.70 |  |  | $ | — |  |  | $ | 0.70 |  |  | $ | 0.08 |  |  | $ | — |  |  | $ | 0.08 |  |  | $ | 0.26 |  |  | $ | 0.10 |  |  | $ | 0.36 |
(a) | Restricted stock Liability Awards represent participating securities because they participate in nonforfeitable dividends or distributions with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Participating securities, however, do not participate in undistributed net losses.
The following table provides a reconciliation of basic weighted average common shares outstanding to diluted weighted average common shares outstanding (in thousands):
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding – basic |  | 160,438 |  |  |  | 159,431 |  |  |  | 158,030 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Director and employee SARs and restricted stock Equity Awards |  | 969 |  |  |  | 876 |  |  |  | 1,411 |
Weighted average common shares outstanding – diluted |  | 161,407 |  |  |  | 160,307 |  |  |  | 159,441 |
Weighted average common shares – basic excludes 2.8 million shares of restricted stock Liability Awards held in our deferred compensation plans (although all awards are issued and outstanding upon grant) at the end of December 31, 2013 compared to 2.9 million shares in each of the periods ending December 31, 2012 and 2011. SARs of 226,000, 854,000 and 795,000 shares for the years ended December 31, 2013, 2012 and 2011 were outstanding but not included in the computations of diluted net income per share because the grant prices of the SARs were greater than the average market price of the common shares and would be anti-dilutive to the computations.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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