| Schedule Of Earnings Per Share Reconciliation |
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Quarter Ended June 30,
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Six Months Ended June 30,
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(in thousands, except per share amounts)
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2013
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2012
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2013
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2012
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Numerator:
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Net income – numerator for basic net earnings per share
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$
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9,343
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$
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8,324
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$
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15,226
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$
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14,512
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Add: Effect of dilutive securities
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Interest expense on 5.50% convertible notes (after-tax)(1)
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—
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—
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—
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—
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Stock options and other equity compensation
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—
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—
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—
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—
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Numerator for diluted earnings per share
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$
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9,343
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$
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8,324
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$
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15,226
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$
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14,512
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Denominator:
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Weighted average shares – denominator for basic net
earnings per share
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96,248
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77,669
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94,047
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76,572
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Add: Effect of dilutive securities
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Stock options and other equity compensation
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—
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1,261
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—
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1,276
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5.50% convertible notes (after-tax)(1)
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—
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—
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—
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—
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Denominator for diluted earnings per share
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96,248
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78,930
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94,047
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77,848
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Earnings per share
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Basic
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$
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0.10
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$
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0.11
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$
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0.16
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$
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0.19
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Diluted
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$
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0.10
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$
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0.11
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$
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0.16
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$
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0.19
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Interest expense excluded from diluted earnings per share calculation (1)
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$
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511
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$
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2,654
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$
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1,508
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$
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5,262
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5.50% Convertible notes shares excluded from diluted earnings per share calculation (1)
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1,925
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7,084
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2,852
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3,522
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(1) Average outstanding diluted earnings per share calculation excludes shares that may be issued upon conversion of the outstanding senior convertible notes since the effect of their inclusion would have been anti-dilutive.
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