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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 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     Six months ended  
     June 30,     June 30,  
     2012     2011     2012     2011  

Numerator for basic and diluted earnings per share:

        

Net income

   $ 31,917      $ 29,944      $ 62,208      $ 60,108   

Effect of reallocating undistributed earnings of participating securities

     (171     (174     (336     (350
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income available under the two-class method

   $ 31,746      $ 29,770      $ 61,872      $ 59,758   
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

        

Denominator for basic earnings per share— weighted-average shares

     22,961,130        23,027,104        22,967,558        23,020,851   

Effect of dilutive securities:

        

Employee stock options

     1,220        1,346        1,250        1,324   
  

 

 

   

 

 

   

 

 

   

 

 

 

Dilutive potential common shares

     1,220        1,346        1,250        1,324   
  

 

 

   

 

 

   

 

 

   

 

 

 

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

     22,962,350        23,028,450        22,968,808        23,022,175   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per share

   $ 1.38      $ 1.29      $ 2.69      $ 2.60   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per share

   $ 1.38      $ 1.29      $ 2.69      $ 2.60