Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Notes)

v2.4.0.6
Earnings Per Share (Notes)
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted earnings per share, or EPS, for the three months ended March 31, 2013 and 2012:
 
Three Months Ended March 31,
(in thousands, except share data)
2013
 
2012
Numerator:
 
 
 
Net income from continuing operations
$
142,339

 
$
51,846

Income (loss) from discontinued operations
1,377

 
(46
)
Net income attributable to common stockholders
$
143,716

 
$
51,800

Denominator:
 
 
 
Weighted average common shares outstanding
305,259,599

 
186,804,142

Weighted average restricted stock shares
25,323

 
51,447

Basic weighted average shares outstanding
305,284,922

 
186,855,589

Dilutive weighted average warrants
1,678,789

 
—

Diluted weighted average shares outstanding
306,963,711

 
186,855,589

Basic Earnings Per Share:
 
 
 
Continuing operations
$
0.47

 
$
0.28

Discontinued operations
—

 
—

Net income
$
0.47

 
$
0.28

Diluted Earnings Per Share:
 
 
 
Continuing operations
$
0.47

 
$
0.28

Discontinued operations
—

 
—

Net income
$
0.47

 
$
0.28



During the three months ended March 31, 2013, the weighted average market value per share of the Company's common stock was above the exercise price of the warrants, making the warrants dilutive. For the three months ended March 31, 2012, the Company assumed that no warrants would be exercised as the weighted average market value per share of the Company's common stock was below the exercise price of the warrants and the warrants would be anti-dilutive.