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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Reconciliation of basic and diluted earnings per share computations
The following is a reconciliation of basic and diluted earnings per share computations (in thousands except for per share amounts):
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2012
 
2011
 
2012
 
2011
Numerator for basic and diluted earnings per share:
 
 

 
 

 
 

 
 

Net Income
 
$
12,359

 
$
37,133

 
$
67,800

 
$
89,019

 
 
 
 
 
 
 
 
 
Denominator:
 
 

 
 

 
 

 
 

Basic shares outstanding
 
53,374

 
53,023

 
53,303

 
52,921

Dilutive effect of equity-based compensation awards
 
191

 
347

 
216

 
377

Dilutive shares outstanding
 
53,565

 
53,370

 
53,519

 
53,298

 
 
 
 
 
 
 
 
 
Basic earnings per share:
 
$
0.23

 
$
0.70

 
$
1.27

 
$
1.68

 
 
 

 
 

 
 

 
 

Diluted earnings per share:
 
$
0.23

 
$
0.70

 
$
1.27

 
$
1.67