Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share
13. EARNINGS PER SHARE

A reconciliation of the components of basic and diluted net income per common share is presented in the table below:

 

    2011     2010     2009  
    Income     Shares     Per
Share		     Income     Shares     Per
Share		     Income     Shares     Per
Share		  

Basic:

                  

Net income 

   $ 108,422,000        48,754,840      $ 2.22      $ 47,363,000        43,863,190      $ 1.08      $ 23,627,000        42,667,581      $ 0.55   
     

 

 

        

 

 

        

 

 

  

Effect of dilutive securities:

                  

Stock options and awards

     —          452,123          —          392,902          —          350,067     
 

 

 

    

 

 

      

 

 

    

 

 

      

 

 

    

 

 

    

Diluted:

                  

Net income

   $ 108,422,000        49,206,963      $ 2.20      $ 47,363,000        44,256,092      $ 1.07      $ 23,627,000        43,017,648      $ 0.55   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

For the year ended December 31, 2009, options to purchase 64,889 shares at $9.07 per share and 200,000 shares at $11.20 per share were excluded from the calculation of dilutive earnings per share because they were anti-dilutive. There were no potential shares of common stock that were considered anti-dilutive for the years ended December 31, 2011 and 2010.