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Net Income Per Share
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income Per Share
The Company’s basic net income per share amounts have been computed by dividing net income by the weighted average number of shares of Common Stock and Class A Stock outstanding. Net income per share is presented on a combined basis, inclusive of Common Stock and Class A Stock outstanding, as each class of stock has equivalent economic rights. Diluted net income per share includes the potential dilutive effect of other securities as if such securities were converted or exercised during the period, when the effect is dilutive. The calculations of basic and diluted net income per share are as follows:
 
 
Three months ended March 31,
 
 
2014
 
2013
Net income - basic and diluted
 
$
65,443

 
$
98,874

 
 
 
 
 
(Shares in thousands)
 
 
 
 
Weighted average shares - basic
 
98,709

 
96,878

Effect of dilutive securities:
 
 
 
 
Stock options
 
9,879

 
10,276

Restricted stock
 
401

 
325

Warrants
 
3,162

 
1,890

Dilutive potential shares
 
13,442

 
12,491

Weighted average shares - diluted
 
112,151

 
109,369

 
 
 
 
 
Net income per share - basic
 
$
0.66

 
$
1.02

Net income per share - diluted
 
$
0.58

 
$
0.90


Shares which have been excluded from the March 31, 2014 and 2013 diluted per share amounts because their effect would have been antidilutive, include the following:
 
 
Three months ended March 31,
(Shares in thousands)
 
2014
 
2013
Stock options
 
3,646

 
3,868

Convertible senior notes
 
4,761

 
4,761