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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2014
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The computation of basic earnings per share (“EPS”) is based on the weighted average number of shares outstanding during the period. Diluted EPS includes the effect of the assumed conversion of potentially dilutive instruments. The components of the numerator for the calculation of basic and diluted EPS are as follows:
| Six months ended June 30, |  |  | Year ended December 31,
(in thousands of $) | 2014 |  |  | 2013 |  |  | 2013 |
Basic: |  |  |  |  |
Net income available to stockholders | 63,092 |  |  | 57,442 |  |  | 89,206 |
Diluted: |  |  |  |  |
Net income available to stockholders | 63,092 |  |  | 57,442 |  |  | 89,206 |
Interest expense on convertible bonds | 11,203 |  |  | 7,102 |  |  | 5,092 |
| 74,295 |  |  | 64,544 |  |  | 94,298 |
The components of the denominator for the calculation of basic and diluted EPS are as follows:
| Six months ended June 30, |  |  | Year ended December 31,
(in thousands) | 2014 |  |  | 2013 |  |  | 2013 |
Basic earnings per share: |  |  |  |  |
Weighted average number of common shares outstanding | 93,277 |  |  | 85,694 |  |  | 89,508 |
Diluted earnings per share: |  |  |  |  |
Weighted average number of common shares outstanding | 93,277 |  |  | 85,694 |  |  | 89,508 |
Effect of dilutive share options | 58 |  |  | 82 |  |  | 163 |
Effect of dilutive convertible debt | 23,333 |  |  | 22,220 |  |  | 5,753 |
| 116,668 |  |  | 107,996 |  |  | 95,424 |

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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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