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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2011
Computation of Basic and Diluted Earnings Per Share Under the Two-Class Method

The following table sets forth the computation of basic and diluted earnings per share under the two-class method:

 

     2011     2010     2009  

Numerator for basic and diluted earnings per share:

      

Net income

   $ 130,136      $ 78,716      $ 52,810   

Effect of reallocating undistributed earnings of participating securities

     (749     (485     (304
  

 

 

   

 

 

   

 

 

 

Net income available under the two-class method

   $ 129,387      $ 78,231      $ 52,506   
  

 

 

   

 

 

   

 

 

 

Denominator:

      

Denominator for basic earnings per share—weighted-average shares

     23,011,087        22,969,360        23,097,105   

Effect of dilutive securities:

      

Employee stock options (See Note 8)

     1,332        3,802        8,723   

Deferred stock awards (See Note 8)

     —          4,034        5,864   
  

 

 

   

 

 

   

 

 

 

Dilutive potential common shares

     1,332        7,836        14,587   
  

 

 

   

 

 

   

 

 

 

Denominator for diluted earnings per share—adjusted weighted-average shares

     23,012,419        22,977,196        23,111,692   
  

 

 

   

 

 

   

 

 

 

Basic earnings per share

   $ 5.62      $ 3.41      $ 2.27   
  

 

 

   

 

 

   

 

 

 

Diluted earnings per share

   $ 5.62      $ 3.40      $ 2.27