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Earnings Per Share
3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

Note 4 Earnings per Share

The following table summarizes the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computations for the three-months ended March 31:

 

     2012     2011  

Weighted average common shares issued

     105,563,455        105,515,079   

Average treasury shares

     (542,326     (663,993

Averaged unearned ESOP shares

     (84,989     (214,917

Average unearned nonvested shares

     (125,413     (17,670
  

 

 

   

 

 

 

Weighted average common shares and common stock equivalents used to calculate basic earnings per share

     104,810,727        104,618,499   

Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share

     5,715        0   

Additional common stock equivalents (stock options) used to calculate diluted earnings per share

     0        5,019   
  

 

 

   

 

 

 

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share

     104,816,442        104,623,518   
  

 

 

   

 

 

 

The following table shows the number of shares and the price per share related to common stock equivalents that were not included in the computation of diluted earnings per share for the three-months ended March 31, because to do so would have been antidilutive.

 

     2012      2011  
            Price Range             Price Range  
     Shares      From      To      Shares      From      To  

Stock Options

     380,677       $ 6.36       $ 14.55         484,439       $ 6.90       $ 14.55   

Restricted Stock

     68,995         5.96         6.82         12,550         5.70         5.70