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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2012
Computation of Basic and Diluted Earnings Per Share Under Two-Class Method

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

 

     Three months ended  
     March 31,  
     2012     2011  

Numerator for basic and diluted earnings per share:

    

Net income

   $ 30,291      $ 30,164   

Effect of reallocating undistributed earnings of participating securities

     (165     (176
  

 

 

   

 

 

 

Net income available under the two-class method

   $ 30,126      $ 29,988   
  

 

 

   

 

 

 

Denominator:

    

Denominator for basic earnings per share— weighted-average shares

     22,973,986        23,014,530   

Effect of dilutive securities:

    

Employee stock options (See Note 5)

     1,280        1,302   
  

 

 

   

 

 

 

Dilutive potential common shares

     1,280        1,302   
  

 

 

   

 

 

 

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

     22,975,266        23,015,832   
  

 

 

   

 

 

 

Basic earnings per share

   $ 1.31      $ 1.30   
  

 

 

   

 

 

 

Diluted earnings per share

   $ 1.31      $ 1.30