(dollar amounts in thousands except per share amounts)
Three Months Ended Nine Months Ended
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September 30, September 30, September 30, September 30,
1999 1998 1999 1998
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Basic income per common share computation:
Income available to common shareholders
from continuing operations $ 15,737 $ 22,021 $ 65,926 $ 68,252
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Income available to common shareholders
from discontinued operations $ - $ 6,907 $ - $ 30,020
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Income available to common shareholders from
gain on sale of discontinued operations,
net of tax $ 14,955 $ 216,365 $ 14,955 $ 216,365
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Average common shares outstanding 96,313 111,412 96,252 109,085
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Basic income per common share from
continuing operations $ 0.16 $ 0.20 $ 0.68 $ 0.63
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Basic income per common share from
discontinued operations $ - $ 0.06 $ - $ 0.28
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Basic income per common share from gain on
sale of discontinued operations, net of
tax $ 0.16 $ 1.94 $ 0.16 $ 1.98
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Basic net income per common share $ 0.32 $ 2.20 $ 0.84 $ 2.89
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Diluted income per common share computation:
Income available to common shareholders
from continuing operations $ 15,737 $ 22,021 $ 65,926 $ 68,252
Interest paid on convertible debt, net of
tax benefit - 928 - 2,784
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Income available to common shareholders and
assumed conversions from continuing
operations $ 15,737 $ 22,949 $ 62,926 $ 71,036
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Income available to common shareholders
from discontinued operations $ - $ 6,907 $ - $ 30,020
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Income available to common shareholders from
gain on sale of discontinued operations,
net of tax $ 14,955 $ 216,365 $ 14,955 $ 216,365
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Average common shares outstanding 96,313 111,412 96,252 109,085
Incremental shares from assumed conversions:
Convertible debt - 7,599 - 7,599
Stock options 1,380 1,864 838 3,237
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Diluted average common shares outstanding 97,693 120,875 97,090 119,921
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Diluted income per common share from
continuing operations $ 0.16 $ 0.19 $ 0.68 $ 0.59
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Diluted income per common share from
discontinued operations $ - $ 0.06 $ - $ 0.25
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Diluted income per common share from gain on
sale of discontinued operations, net of
tax $ 0.15 $ 1.79 $ 0.15 $ 1.80
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Diluted net income per common share $ 0.31 $ 2.04 $ 0.83 $ 2.64
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