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EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Components of calculation of earnings per share

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

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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