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

The following table sets forth the components used in the computation of basic and diluted earnings per share (in thousands, except share and per share amounts):

 

 

 

Year Ended December 31,

 

 

 

2014

 

 

2013

 

 

2012

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

84,197

 

 

$

(151,293

)

 

$

60,719

 

Discontinued operations, net of income taxes

 

 

—

 

 

 

1,838

 

 

 

762

 

Net income

 

$

84,197

 

 

$

(149,455

)

 

$

61,481

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

 

145,044,351

 

 

 

129,700,000

 

 

 

129,700,000

 

Effect of dilutive shares:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and unvested restricted stock units

 

 

486,938

 

 

 

—

 

 

 

—

 

Diluted weighted-average shares outstanding

 

 

145,531,289

 

 

 

129,700,000

 

 

 

129,700,000

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.58

 

 

$

(1.17

)

 

$

0.47

 

Discontinued operations

 

 

—

 

 

 

0.02

 

 

 

—

 

Net earnings per share

 

$

0.58

 

 

$

(1.15

)

 

$

0.47

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.58

 

 

$

(1.17

)

 

$

0.47

 

Discontinued operations

 

 

—

 

 

 

0.02

 

 

 

—

 

Net earnings per share

 

$

0.58

 

 

$

(1.15

)

 

$

0.47

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Antidilutive stock options not included

   in diluted earnings per share

 

 

1,295,280

 

 

 

—

 

 

 

—