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Earnings Per Share
12 Months Ended
Dec. 31, 2014
Earnings Per Share  
Earnings Per Share

 

18. Earnings Per Share

        The following table sets forth the computation of basic and diluted earnings per share:

                                                                                                                                                                                    

Years ended December 31,

 

2014

 

2013

 

2012

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to the Company

 

$

75

 

$

184

 

$

184

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Denominator (in thousands):

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share - weighted average shares outstanding

 

 

164,720

 

 

164,425

 

 

164,474

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

Stock options and other

 

 

1,327

 

 

1,403

 

 

1,294

 

​  

​  

​  

​  

​  

​  

Denominator for diluted earnings per share - adjusted weighted average shares

 

 

166,047

 

 

165,828

 

 

165,768

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

$

0.60

 

$

1.22

 

$

1.13

 

Loss from discontinued operations

 

 

(0.14

)

 

(0.11

)

 

(0.01

)  

​  

​  

​  

​  

​  

​  

Net earnings

 

$

0.46

 

$

1.11

 

$

1.12

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

$

0.59

 

$

1.22

 

$

1.12

 

Gain (loss) from discontinued operations

 

 

(0.14

)

 

(0.11

)

 

(0.01

)  

​  

​  

​  

​  

​  

​  

Net earnings

 

$

0.45

 

$

1.11

 

$

1.11

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        Options to purchase 1,143,933, 1,315,216 and 2,125,963 weighted average shares of common stock which were outstanding during 2014, 2013 and 2012, respectively, were not included in the computation of diluted earnings per share because the options' exercise price was greater than the average market price of the common shares.