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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2011
EARNINGS PER SHARE  
EARNINGS PER SHARE

17.   EARNINGS PER SHARE

  • Earnings per share for the three-month and six-month periods ended June 30, 2011 and 2010 were calculated as follows:

   
   Three Months Ended
June 30 		  Six Months Ended
June 30 		 
   
   2011   2010   2011   2010  
 

Net income

   $ 56,360   $ 33,969   $ 62,842   $ 30,819  
                     
 

Basic weighted-average number of common shares outstanding (000s)

     303,426     158,510     303,587     158,449  
 

Dilutive potential common shares (000s):

                          
   

Stock options and RSUs

     9,975     592     9,201     496  
   

Convertible debt

     17,968     1,917     19,342     1,170  
                     
 

Diluted weighted-average number of common shares outstanding (000s)

     331,369     161,019     332,130     160,115  
                     
 

Basic earnings per share

   $ 0.19   $ 0.21   $ 0.21   $ 0.19  
 

Diluted earnings per share

   $ 0.17   $ 0.21   $ 0.19   $ 0.19  
                     

  • In both of the three-month and six-month periods ended June 30, 2011, stock options to purchase approximately 178,000 common shares of the Company had exercise prices greater than the average trading price of the Company's common shares, and were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive, compared with approximately 2,165,000 and 2,183,000 stock options in the corresponding periods of 2010.