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Earnings Per Share
 3 Months Ended
Mar. 31, 2013
Earnings Per Share  
Earnings Per Share

(11) Earnings Per Share

 

The following is a reconciliation of the basic and diluted earnings per share computations (amounts in thousands, except per share amounts):

 

 

 

March 31,

 

 

 

2013

 

2012

 

Three Months Ended

 

 

 

 

 

Net income for basic and diluted earnings per share

 

$

8,622

 

$

5,458

 

Shares of common stock and common stock equivalents:

 

 

 

 

 

Average common shares used in basic computation

 

37,378

 

39,112

 

Effect of dilutive securities

 

1,237

 

1,191

 

Average common shares used in diluted computation

 

38,615

 

40,303

 

Earnings per share:

 

 

 

 

 

Basic

 

$

0.23

 

$

0.14

 

Diluted

 

$

0.22

 

$

0.14

 

 

Earnings per share computations for each of the three months ended March 31, 2013 and 2012 did not include anti-dilutive equity awards of approximately 1.2 million shares.