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Weighted Average Common Shares
9 Months Ended
Sep. 30, 2011
Weighted Average Common Shares [Abstract] 
Weighted Average Common Shares

12. WEIGHTED AVERAGE COMMON SHARES

The weighted average numbers of common shares used to compute basic and diluted net income per share for the quarters and years to date ended September 30, 2011 and 2010 were as follows:

 

     For the Quarters Ended
September 30,
     For the Years to Date Ended
September 30,
 
         2011              2010              2011              2010      
     (Shares in thousands)  

Basic common shares outstanding

     73,582         78,919         74,858         80,206   

Common stock equivalents

     476         900         660         989   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted common shares outstanding

     74,058         79,819         75,518         81,195   
  

 

 

    

 

 

    

 

 

    

 

 

 

Excluded from our computations of diluted earnings per share were certain options to purchase shares of our common stock. These shares were excluded because the options' exercise prices were greater than the average market price of our common stock during the periods, and, therefore, the effect would have been anti-dilutive. The shares that would have had an anti-dilutive effect on our diluted net income per share for the quarters and years to date ended September 30, 2011 and 2010 were as follows:

 

     For the Quarters Ended
September 30,
     For the Years to Date Ended
September 30,
 
         2011              2010              2011              2010      
     (Shares in thousands)  

Options that would have had an anti-dilutive effect

     3,496         2,891         3,023         2,379   

In addition to the common stock issued upon the exercise of employee stock options and the granting of restricted stock awards, we issued less than 0.1 million shares for the quarters ended September 30, 2011 and 2010, and less than 0.2 million shares for the years to date ended September 30, 2011 and 2010, upon the purchase of common stock pursuant to our employee stock purchase plan.