Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 6 Months Ended
Jun. 30, 2012
Earnings Per Share

10. Earnings Per Share

The following table presents the calculation of basic and diluted earnings per common share (in thousands, except per share amounts):

 

     Three Months Ended
June 30,		      Six Months Ended
June 30,		  
     2012      2011      2012      2011  

Net income

    $ 53,567       $ 55,175       $ 56,785       $ 73,824   

Less portion allocated to nonvested shares

      1,185         1,178         1,214         1,558   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income allocated to common shares

    $ 52,382       $ 53,997       $ 55,571       $ 72,266   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding

      74,318         74,020         74,309         74,012   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic and diluted earnings per common share

    $ 0.70       $ 0.73       $ 0.75       $ 0.98   

Shares excluded due to being anti-dilutive (weighted-average)

      1,913         1,683         1,839         1,699