Attached files
Exhibit 11
| Three months June 30, | ||||||||
| 2012 | 2011 | |||||||
| Numerator: |
||||||||
| Income from continuing operations |
$ | 21,349 | $ | 12,035 | ||||
| Income from discontinued operations |
8,363 | 741 | ||||||
| Redemption related stock issuance cost |
— | (3,616 | ) | |||||
| Preferred stock dividend |
(911 | ) | (2,653 | ) | ||||
| Redeemable and other noncontrolling interests in income |
(105 | ) | (335 | ) | ||||
|
|
|
|
|
|||||
| Net income available to common shareholders |
$ | 28,696 | $ | 6,172 | ||||
|
|
|
|
|
|||||
| Denominator: |
||||||||
| Denominator for basic earnings per share—weighted average shares |
76,735 | 70,025 | ||||||
| Dilutive effect of stock based awards |
335 | 260 | ||||||
|
|
|
|
|
|||||
| Denominator for diluted earnings per share adjusted for weighted average shares and assumed conversion(1) |
77,070 | 70,285 | ||||||
|
|
|
|
|
|||||
| Basic earnings per share from continuing operations |
$ | 0.26 | $ | 0.08 | ||||
| Basic earnings per share from discontinued operations |
0.11 | 0.01 | ||||||
|
|
|
|
|
|||||
| Basic earnings per share |
$ | 0.37 | $ | 0.09 | ||||
|
|
|
|
|
|||||
| Diluted earnings per share from continuing operations |
$ | 0.26 | $ | 0.08 | ||||
| Diluted earnings per share from discontinued operations |
0.11 | 0.01 | ||||||
|
|
|
|
|
|||||
| Diluted earnings per share |
$ | 0.37 | $ | 0.09 | ||||
|
|
|
|
|
|||||
| (1) There are no operating company units outstanding at June 30, 2012. There were 615,000 average anti-dilutive operating company units outstanding for the three months ended June 30, 2011. |
| |||||||
| Six Months Ended June 30, | ||||||||
| 2012 | 2011 | |||||||
| Numerator: |
||||||||
| Income from continuing operations |
$ | 40,326 | $ | 24,162 | ||||
| Income from discontinued operations |
8,510 | 1,547 | ||||||
| Redemption related stock issuance cost |
— | (3,616 | ) | |||||
| Preferred stock dividend |
(1,822 | ) | (5,606 | ) | ||||
| Redeemable and other noncontrolling interests in income |
(210 | ) | (671 | ) | ||||
|
|
|
|
|
|||||
| Net income available to common shareholders |
$ | 46,804 | $ | 15,816 | ||||
|
|
|
|
|
|||||
| Denominator: |
||||||||
| Denominator for basic earnings per share—weighted average shares |
76,323 | 67,760 | ||||||
| Dilutive effect of stock based awards |
377 | 430 | ||||||
|
|
|
|
|
|||||
| Denominator for diluted earnings per share adjusted for weighted average shares and assumed conversion(1) |
76,700 | 68,190 | ||||||
|
|
|
|
|
|||||
| Basic earnings per share from continuing operations |
$ | 0.50 | $ | 0.23 | ||||
| Basic earnings per share from discontinued operations |
0.11 | 0.00 | ||||||
|
|
|
|
|
|||||
| Basic earnings per share |
$ | 0.61 | $ | 0.23 | ||||
|
|
|
|
|
|||||
| Diluted earnings per share from continuing operations |
$ | 0.50 | $ | 0.23 | ||||
| Diluted earnings per share from discontinued operations |
0.11 | 0.00 | ||||||
|
|
|
|
|
|||||
| Diluted earnings per share |
$ | 0.61 | $ | 0.23 | ||||
|
|
|
|
|
|||||
| (1) | There are no operating company units outstanding at June 30, 2012. There were 34,000 and 615,000 average anti-dilutive operating company units outstanding for the six months ended June 30, 2012 and 2011, respectively. |