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Basis of Consolidation and Presentation (Tables)
9 Months Ended
Sep. 30, 2011
Calculatation of Income Per Share From Continuing and Discontinued Operations

The following table presents information necessary to calculate income from continuing operations per share, loss from discontinued operations per share and net income per share for the three and nine months ended September 30, 2011 and 2010 as well as potentially dilutive securities excluded from the weighted average number of diluted common shares outstanding, as their inclusion would have been anti-dilutive (in thousands, except per share amounts):

 

     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
     2011     2010     2011     2010  

BASIC EPS:

        

Income from continuing operations

   $ 81,928      $ 29,374      $ 235,185      $ 63,088   

Adjust for income attributed to holders of non-vested restricted stock

     (705     (224     (1,841     (476
  

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations attributed to common stockholders

   $ 81,223      $ 29,150      $ 233,344      $ 62,612   
  

 

 

   

 

 

   

 

 

   

 

 

 

Loss from discontinued operations, net

   $ —        $ —        $ (367   $ —     

Adjust for loss attributed to holders of non-vested restricted stock

     —          —          3        —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Loss from discontinued operations attributed to common stockholders

   $ —        $ —        $ (364   $ —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of common shares outstanding, excluding non-vested shares of restricted stock

     152,617        152,933        153,661        152,682   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic income from continuing operations per common share

   $ 0.53      $ 0.19      $ 1.52      $ 0.41   

Basic loss from discontinued operations per common share

   $ 0.00      $ 0.00      $ 0.00      $ 0.00   

Basic net income per common share

   $ 0.53      $ 0.19      $ 1.52      $ 0.41   

DILUTED EPS:

        

Income from continuing operations attributed to common stockholders

   $ 81,223      $ 29,150      $ 233,344      $ 62,612   

Add incremental earnings related to potential common shares

     6        1        —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted income from continuing operations attributed to common stockholders

   $ 81,229      $ 29,151      $ 233,344      $ 62,612   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of common shares outstanding, excluding non-vested shares of restricted stock

     152,617        152,933        153,661        152,682   

Add dilutive effect of potential common shares

     1,503        1,176        1,708        —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of diluted common shares outstanding

     154,120        154,109        155,369        152,682   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted income from continuing operations per common share

   $ 0.53      $ 0.19      $ 1.50      $ 0.41   

Diluted loss from discontinued operations per common share

   $ 0.00      $ 0.00      $ 0.00      $ 0.00   

Diluted net income per common share

   $ 0.53      $ 0.19      $ 1.50      $ 0.41   

Potentially dilutive securities excluded as anti-dilutive

     410        4,644        1,707        6,726