Reconciliation of Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Reconciliation of Earnings Per Share

RECONCILIATION OF EARNINGS PER SHARE

Years ended December 31,
(in thousands, except per share amounts)			2011					2010					2009
	Net Income		Shares	Per Share Amount		Net Income		Shares	Per Share Amount		Net Income		Shares	Per Share Amount
Basic EPS	$	259,624	72,056	$	3.60	$	290,807	71,845	$	4.05	$	256,325	71,667	$	3.58
Effect of dilutive securities
Performance share awards			—					—					108
Stock options			270					190					78
Non-vested restricted stock			6					16					32
Diluted EPS	$	259,624	72,332	$	3.59	$	290,807	72,051	$	4.04	$	256,325	71,885	$	3.57

For the year ended December 31, 2011, the Company had 293,978 options and no shares of non-vested restricted stock that were excluded from the computation of diluted EPS, as their effect was non-dilutive. For the year ended December 31, 2010, the Company had 479,820 options and no shares of non-vested restricted stock that were excluded from the computation of diluted EPS. For the year ended December 31, 2009, the Company had 969,487 options and 6,150 shares of non-vested restricted stock that were excluded from the computation of diluted EPS.