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Basis of Consolidation and Presentation (Tables)
6 Months Ended
Jun. 30, 2012
Calculation 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 six months ended June 30, 2012 and 2011 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
June 30,
    Six Months Ended
June 30,
 
     2012     2011     2012     2011  

BASIC EPS:

        

Income from continuing operations

   $ 92,538      $ 81,638      $ 189,812      $ 153,257   

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

     (806     (648     (1,550     (1,145
  

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations attributed to common stockholders

   $ 91,732      $ 80,990      $ 188,262      $ 152,112   
  

 

 

   

 

 

   

 

 

   

 

 

 

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

     153,269        153,556        153,947        153,340   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic income from continuing operations per common share

   $ 0.60      $ 0.53      $ 1.22      $ 0.99   

Basic loss from discontinued operations per common share

   $ 0.00      $ 0.00      $ 0.00      $ 0.00   

Basic net income per common share

   $ 0.60      $ 0.53      $ 1.22      $ 0.99   

DILUTED EPS:

        

Income from continuing operations attributed to common stockholders

   $ 91,732      $ 80,990      $ 188,262      $ 152,112   

Add incremental earnings related to potential common shares

     —          8        —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted income from continuing operations attributed to common stockholders

   $ 91,732      $ 80,998      $ 188,262      $ 152,112   
  

 

 

   

 

 

   

 

 

   

 

 

 

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

     153,269        153,556        153,947        153,340   

Add dilutive effect of potential common shares

     386        2,025        597        1,912   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of diluted common shares outstanding

     153,655        155,581        154,544        155,252   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted income from continuing operations per common share

   $ 0.60      $ 0.52      $ 1.22      $ 0.98   

Diluted loss from discontinued operations per common share

   $ 0.00      $ 0.00      $ 0.00      $ 0.00   

Diluted net income per common share

   $ 0.60      $ 0.52      $ 1.22      $ 0.98   

Potentially dilutive securities excluded as anti-dilutive

     5,969        380        5,529        1,796