Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and restricted stock awards. There are no differences in the numerators of our computations of basic and diluted earnings per share for any period presented. The computation of basic and diluted earnings per share is shown below (in thousands, except per share amounts).

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Net income	$	21,259	$	25,128	$	64,610	$	77,053
Weighted average common shares outstanding	72,621		72,879		72,965		72,864
Dilutive effect of stock-based awards	595		566		565		550
Shares used in computing diluted earnings per share	73,216		73,445		73,530		73,414
Basic earnings per share	$	0.29	$	0.34	$	0.89	$	1.06
Diluted earnings per share	$	0.29	$	0.34	$	0.88	$	1.05

There were no options to purchase shares of common stock that were outstanding during the periods indicated above that were excluded from the computation of diluted earnings per share because the option purchase price was greater than the average market price of the common shares during the period.