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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Common Share [Abstract]  
Computation Of Basic And Diluted Earnings (Loss) Per Common Share

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Six months ended

 

June 30,

 

June 30,

 

2012

 

2011

 

2012

 

2011

NUMERATORS:

 

 

 

 

 

 

 

 

 

 

 

Net income

$

 23,277

 

$

 17,785

 

$

 48,780

 

$

 31,252

Less:

 

 

 

 

 

 

 

 

 

 

 

Dividends and undistributed earnings allocated to participating securities (1)

 

 162

 

 

 86

 

 

 329

 

 

 148

Net earnings available to common shareholders

$

 23,115

 

$

 17,699

 

$

 48,451

 

$

 31,104

DENOMINATORS:

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding - basic

 

 111,897

 

 

 114,611

 

 

 111,943

 

 

 114,593

Effect of potentially dilutive common shares (2)

 

 181

 

 

 174

 

 

 177

 

 

 203

Weighted average number of common shares outstanding - diluted

 

 112,078

 

 

 114,785

 

 

 112,120

 

 

 114,796

EARNINGS PER COMMON SHARE:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 0.21

 

$

 0.15

 

$

 0.43

 

$

 0.27

Diluted

$

 0.21

 

$

 0.15

 

$

 0.43

 

$

 0.27

 

(1)     Represents dividends paid and undistributed earnings allocated to nonvested restricted stock awards.

(2)     Represents the effect of the assumed exercise of warrants, assumed exercise of stock options, vesting of non-participating restricted shares, and vesting of restricted stock units, based on the treasury stock method.

Schedule Of Weighted Average Outstanding Securities Not Included In The Computation Of Diluted Earnings Per Common Share

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

Three months ended

 

Six months ended

 

June 30,

 

June 30,

 

2012

 

2011

 

2012

 

2011

Stock options

 1,314

 

 1,859

 

 1,316

 

 1,833

Non-participating, nonvested restricted shares

 125

 

 -

 

 105

 

 -

 

 1,439

 

 1,859

 

 1,421

 

 1,833