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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2012
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share, for the periods indicated:
 
(In thousands, except per share amounts)
Three Months Ended
 
Nine Months Ended
September 30,
2012
 
September 30,
2011
 
September 30,
2012
 
September 30,
2011
Numerator:
 
 
 
 
 
 
 
Income (loss)
$
58,976

 
$
15,661

 
$
63,730

 
$
40,155

Denominator:
 
 
 
 
 
 
 

Denominator for basic earnings per share -
 

 
 

 
 

 
 

Weighted-average shares
16,485

 
16,106

 
16,342

 
15,981

Effect of dilutive stock options
539

 
828

 
561

 
733

Denominator for diluted earnings per share - Adjusted
 

 
 

 
 

 
 

weighted-average shares and assumed conversions
17,024

 
16,934

 
16,903

 
16,714

Basic income (loss) per share:
$
3.58

 
$
0.97

 
$
3.90

 
$
2.52

Diluted income (loss) per share:
3.46

 
0.93

 
3.77

 
2.40

Anti-dilutive shares and Potential Ordinary Shares That Were Not Otherwise Antidilutive excluded From Calculation of Diluted Weighted Average Shares Outstanding
Certain potential ordinary dilutive shares were excluded from the calculation of diluted weighted-average shares outstanding because they would have an anti-dilutive effect on net income per share (see table below).

 
Three Months Ended
 
September 30, 2012
 
September 30, 2011
Anti-dilutive shares excluded
881,254

 
744,317