Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

A reconciliation of the components of basic and diluted net income per common share is presented in the table below:
 
 
For the Three Months Ended June 30,
 
2012
 
2011
 
Income
 
Shares
 
Per
Share
 
Income
 
Shares
 
Per
Share
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
25,117,000

 
55,656,274

 
$
0.45

 
$
27,265,000

 
47,454,359

 
$
0.57

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options and restricted stock awards
—

 
677,821

 
 
 
—

 
444,306

 
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
25,117,000

 
56,334,095

 
$
0.45

 
$
27,265,000

 
47,898,665

 
$
0.57


 
For the Six Months Ended June 30,
 
2012
 
2011
 
2012
 
Shares
 
Per
Share
 
Income
 
Shares
 
Per
Share
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
51,986,000

 
55,641,241

 
$
0.93

 
$
48,439,000

 
46,097,207

 
$
1.05

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options and restricted stock awards
—

 
534,007

 
 
 
—

 
451,207

 
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
51,986,000

 
56,175,248

 
$
0.93

 
$
48,439,000

 
46,548,414

 
$
1.04




There were no potential shares of common stock that were considered anti-dilutive during the three months and six months ended June 30, 2012 and 2011.