Net (Loss) Income per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Net (Loss) Income per Share

Net Income per Share

The computation of the Company’s basic and diluted net income per share was as follows:

	Three Months Ended
	March 31,
	2012			2011
	(In thousands, except per share data)
Numerator for basic and dilutive income - per common share:
Net income	$	31,344		$	29,699
Less: Accretion of Series B Preferred Stock	(668		)	(629		)
Less: Net income allocated to unvested participating restricted stock	(796		)	(1,014		)
Net income available to common stockholders - basic	29,880			28,056
Effect of unvested participating restricted stock in two-class calculation	40			57
Accretion of Series B Preferred Stock	668			629
Net income available to common stockholders - diluted	$	30,588		$	28,742
Denominator:
Weighted average outstanding shares of common stock - basic	17,682			17,697
Dilutive effect of:
Stock options	316			451
Series B Preferred Stock	653			615
Weighted average outstanding shares of common stock - diluted	18,651			18,763
Net income per common share:
Basic	$	1.69		$	1.59
Diluted	$	1.64		$	1.53