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PER SHARE DATA
9 Months Ended
Sep. 30, 2012
PER SHARE DATA [Abstract]  
PER SHARE DATA
NOTE 6 – PER SHARE DATA
 
The computation of basic earnings per share ("EPS") is based on the weighted average number of shares of common stock outstanding. The computation of diluted earnings per share is based on the weighted average number of shares of common stock outstanding plus the shares resulting from the assumed exercise of all outstanding share-based awards using the treasury stock method. Weighted-average antidilutive stock options to purchase 2.9 million shares of Company common stock for both the three months and nine months ended September 30, 2012, with a weighted average exercise price of $20.59 and $20.67 per share for the three months and nine months ended September 30, 2012, respectively, were excluded from diluted shares. Weighted-average antidilutive stock options to purchase 2.9 million shares of Company common stock for both the three months and nine months ended September 30, 2011, respectively, with a weighted average exercise price of $21.50 and $21.45 per share for the three months and nine months ended September 30, 2011, respectively, were excluded from diluted shares. Antidilutive other equity awards of approximately 50,000 and 17,000 shares of Company common stock for the three months and nine months ended September 30, 2012, respectively, were also excluded from diluted shares. There were no antidilutive other equity awards for the three months and nine months ended September 30, 2011. The basic and diluted earnings per share computations for the first nine months of 2012 reflect the Company's issuance of 10,952,381 shares of common stock on January 24, 2012 in connection with an underwritten public offering. The following tables provide a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the periods shown:

 
   
Three months ended September 30,
 
   
2012
  
2011
 
   
Income
  
Shares
  
Per Share
  
Income
  
Shares
  
Per Share
 
   
(Numerator)
  
(Denominator)
  
Amount
  
(Numerator)
  
(Denominator)
  
Amount
 
Basic EPS
 
(In thousands, except per share amounts)
 
Income available to common shareholders
 $23,825   94,438  $0.25  $11,934   83,489  $0.14 
Effect of dilutive share-based awards
  -   91       -   -     
                          
Diluted EPS
                        
Income available to common
shareholders plus assumed
exercise of all outstanding
share-based awards
 $23,825   94,529  $0.25  $11,934   83,489  $0.14 
 
 
 
   
Nine months ended September 30,
 
   
2012
  
2011
 
   
Income
  
Shares
  
Per Share
  
Income
  
Shares
  
Per Share
 
   
(Numerator)
  
(Denominator)
  
Amount
  
(Numerator)
  
(Denominator)
  
Amount
 
Basic EPS
 
(In thousands, except per share amounts)
 
Income available to common shareholders
 $67,315   93,534  $0.72  $24,266   83,486  $0.29 
Effect of dilutive share-based awards
  -   79       -   26     
                          
Diluted EPS
                        
Income available to common
shareholders plus assumed
exercise of all outstanding
share-based awards
 $67,315   93,613  $0.72  $24,266   83,512  $0.29