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Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share

NOTE 13.    Earnings Per Share:

The Company’s potential dilutive securities are stock options and RSUs. Stock options and RSUs are reflected in diluted net income per share attributable to the Company’s stockholders by application of the treasury-stock method.

The computation of basic and diluted earnings per share is as follows:

 

 

2013

 

 

2012

 

 

2011

 

 

(in thousands, except per share data)

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to the Company

$

186,367

 

 

$

301,041

 

 

$

78,276

 

Less: dividends and undistributed earnings allocated to unvested RSUs

 

324

 

 

 

682

 

 

 

172

 

Net income allocated to common stockholders

$

186,043

 

 

$

300,359

 

 

$

78,104

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares

 

106,991

 

 

 

106,307

 

 

 

105,197

 

Effect of dilutive employee stock options and RSUs

 

2,111

 

 

 

2,235

 

 

 

1,717

 

Diluted weighted-average shares

 

109,102

 

 

 

108,542

 

 

 

106,914

 

Net income per share attributable to the Company’s stockholders

 

 

 

 

 

 

 

 

 

 

 

Basic

$

1.74

 

 

$

2.83

 

 

$

0.74

 

Diluted

$

1.71

 

 

$

2.77

 

 

$

0.73

 

For the years ended December 31, 2013, 2012 and 2011, 11 thousand, 0.7 million and 1.4 million, respectively, of stock options and RSUs were excluded from the weighted-average diluted common shares outstanding due to their antidilutive effect.