Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2013

Calculation of Both Basic and Diluted Earnings Per Common Share

The following table shows the calculation of both basic and diluted earnings per common share for the three and six months ended June 30, 2013 and 2012:


	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(in thousands, except for share data)

Net income	$	33,922	$	32,820	$	65,232	$	67,351


Basic weighted-average number of common shares outstanding		199,244,243		197,246,322		199,085,501		197,088,528
Plus: Common stock equivalents		—		3,846		—		17,110

Diluted weighted-average number of common shares outstanding		199,244,243		197,250,168		199,085,501		197,105,638


Earnings per common share:
Basic	$	0.17	$	0.17	$	0.33	$	0.34
Diluted		0.17		0.17		0.33		0.34