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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 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

 

Nine months ended

 

September 30,

 

September 30,

 

2012

 

2011

 

2012

 

2011

NUMERATORS:

 

 

 

 

 

 

 

 

 

 

 

Net income

$

25,153 

 

$

21,862 

 

$

73,933 

 

$

53,114 

Less:

 

 

 

 

 

 

 

 

 

 

 

Dividends and undistributed earnings allocated to participating securities (1)

 

170 

 

 

105 

 

 

499 

 

 

253 

Net earnings available to common shareholders

$

24,983 

 

$

21,757 

 

$

73,434 

 

$

52,861 

DENOMINATORS:

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding - basic

 

111,899 

 

 

114,540 

 

 

111,928 

 

 

114,576 

Effect of potentially dilutive common shares (2)

 

252 

 

 

151 

 

 

231 

 

 

193 

Weighted average number of common shares outstanding - diluted

 

112,151 

 

 

114,691 

 

 

112,159 

 

 

114,769 

EARNINGS PER COMMON SHARE:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.22 

 

$

0.19 

 

$

0.66 

 

$

0.46 

Diluted

$

0.22 

 

$

0.19 

 

$

0.65 

 

$

0.46 

 

(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

 

Nine months ended

 

September 30,

 

September 30,

 

2012

 

2011

 

2012

 

2011

Stock options

1,141 

 

1,827 

 

1,313 

 

1,845