Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

Note 3. Earnings Per Share

A reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share data):

	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Net income for basic and diluted earnings per share	$	93,491	$	53,731	$	171,901	$	133,574
Weighted-average common shares outstanding		217,028		215,043		216,771		214,680
Dilutive effect of stock options and restricted stock awards		2,342		2,518		2,745		2,624
Diluted weighted-average shares outstanding		219,370		217,561		219,516		217,304
Basic earnings per share	$	0.43	$	0.25	$	0.79	$	0.62
Diluted earnings per share	$	0.43	$	0.25	$	0.78	$	0.61

Diluted earnings per share for the quarter and six months ended June 30, 2011 does not include options to purchase 2.8 million and 1.8 million shares respectively, because the effect of including them would have been antidilutive. Diluted earnings per share for the quarter and six months ended June 30, 2010 does not include options to purchase 2.8 million shares outstanding for both periods because the effect of including them would have been antidilutive.