Reconciliation of Earnings Per Share (EPS)

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Reconciliation of Earnings Per Share (EPS)

RECONCILIATION OF EARNINGS PER SHARE (EPS)

	Three months ended					Three months ended
(in thousands, except per share amounts)	September 30, 2012					September 30, 2011
	Net			Per Share		Net			Per Share
	Income		Shares	Amount		Income		Shares	Amount
Basic EPS	$	2,046	72,130	$	0.03	$	87,599	72,068	$	1.22
Effect of dilutive securities
Stock options			183					298
Non-vested restricted stock			3					9
Diluted EPS	$	2,046	72,316	$	0.03	$	87,599	72,375	$	1.21

	Nine months ended					Nine months ended
(in thousands, except per share amounts)	September 30, 2012					September 30, 2011
	Net			Per Share		Net			Per Share
	Income		Shares	Amount		Income		Shares	Amount
Basic EPS	$	190,739	72,121	$	2.64	$	245,192	72,045	$	3.40
Effect of dilutive securities
Stock options			177					355
Non-vested restricted stock			3					9
Diluted EPS	$	190,739	72,301	$	2.64	$	245,192	72,409	$	3.39

For the three months and nine months ended September 30, 2012, the Company had 849,583 options that were excluded from the computation of diluted EPS, as their effect was non-dilutive. For the three months and nine months ended September 30, 2011, the Company had 293,978 options that were excluded from the computation of diluted EPS. For the three months and nine months ended September 30, 2012 and 2011, the Company had no options or shares of non-vested restricted stock that were excluded from the computation of diluted EPS.