XML 34 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

statements.

3. EARNINGS PER SHARE

Earnings per share is computed as follows (in thousands, except per share data):

 

     Three Months Ended September 30,      Nine Months Ended September 30,  
     2013      2012      2013      2012  
     Net
Income		      Shares      Per
Share
Amount		      Net
Income		      Shares      Per
Share
Amount		      Net
Income		      Shares      Per
Share
Amount		      Net
Income		      Shares      Per
Share
Amount		  

Basic earnings per share

    $ 120,199         89,610       $ 1.34       $ 92,257         82,461       $ 1.12       $ 63,985         86,867       $ 0.74       $ 86,243         82,480       $ 1.05   

Effect of dilutive incentive-based awards

         596               913               664               821      
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share

    $ 120,199         90,206       $ 1.33       $ 92,257         83,374       $ 1.11       $ 63,985         87,531       $ 0.73       $ 86,243         83,301       $ 1.04   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is determined based on the dilutive effect of unvested restricted stock probable of vesting using the treasury stock method. During the three and nine months ended September 30, 2013 and 2012, there were no anti-dilutive shares of common stock excluded from the computation of diluted earnings per share.