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COMPUTATION OF EARNINGS PER COMMON SHARE
 3 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
COMPUTATION OF EARNINGS PER COMMON SHARE
COMPUTATION OF EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic and diluted earnings per common share for the three months ended June 30, 2012 and 2011:

 
 
Three Months Ended
 
 
June 30,
(in thousands, except per share data)
 
2012
 
2011
Numerator:
 
 
 
 
Net income
 
$
23,563

 
$
26,731

 
 
 
 
 
Denominator:
 
 
 
 

Weighted average common shares-basic
 
41,660

 
46,688

Dilutive effect of employee equity incentive plans
 
910

 
1,372

Weighted average common shares-diluted
 
42,570

 
48,060

 
 
 
 
 
Basic earnings per common share
 
$
0.57

 
$
0.57

 
 
 
 
 
Diluted earnings per common share
 
$
0.55

 
$
0.56

 
 
 
 
 
Potentially dilutive securities excluded from diluted earnings per common share because their effect is anti-dilutive
 
1,100

 
1,489