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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2011
Reconciliation Between Basic and Diluted Earnings Per Share

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

 

     Year Ended December 31,  
     2011      2010      2009  

Net income for basic and diluted earnings per share

   $ 607,421       $ 515,653       $ 152,485   

Weighted-average common shares outstanding

     216,983         215,026         213,809   

Dilutive effect of stock options and restricted stock awards

     2,246         2,685         1,486   
  

 

 

    

 

 

    

 

 

 

Diluted weighted-average shares outstanding

     219,229         217,711         215,295   
  

 

 

    

 

 

    

 

 

 

Basic earnings per share:

        

Net income

   $ 2.80       $ 2.40       $ 0.71   

Diluted earnings per share:

        

Net income

   $ 2.77       $ 2.37       $ 0.71