Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.6
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2013
Schedule of Calculation of Basic and Diluted Earnings Per Common Share

The following table presents the calculation of basic and diluted earnings per common share (in thousands, except per share amounts):

 

     Three Months Ended
March 31,		  
     2013      2012  

Net income

    $ 26,618       $ 3,218   

Less portion allocated to nonvested shares

      281         140   
  

 

 

     

 

 

  

Net income allocated to common shares

    $ 26,337       $ 3,078   
  

 

 

     

 

 

  

Weighted average common shares outstanding

      75,206         74,300   
  

 

 

     

 

 

  

Basic and diluted earnings per common share

    $ 0.35       $ 0.04   

Shares excluded due to being anti-dilutive (weighted-average)

      870         1,765