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Earnings Per Share
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
Information related to the calculation of earnings per share follows:
 
Income
(Numerator)
 
Weighted
Shares
(Denominator)
 
Per-Share
Amount
 
(In thousands except per share amounts)
For the three months ended March 31, 2013
 
 
 
 
 
Basic earnings per common share
$
40,206

 
48,117

 
$
0.84

Effect of dilutive stock options, restricted stock, and stock appreciation rights (SARs)
—

 
295

 
(0.01
)
Diluted earnings per common share
$
40,206

 
48,412

 
$
0.83

For the three months ended March 31, 2012
 
 
 
 
 
Basic earnings per common share
$
52,439

 
47,829

 
$
1.10

Effect of dilutive stock options, restricted stock, and SARs
—

 
297

 
(0.01
)
Diluted earnings per common share
$
52,439

 
48,126

 
$
1.09



The following table shows the number of stock options and SARs (and their average exercise price) excluded because their option exercise prices were greater than the average market price of our common stock:
 
Three Months Ended
March 31,
 
2013
 
2012
Stock options and SARs
149,665

 
149,665

Average exercise price
$
58.41

 
$
58.41