Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v2.4.0.6
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Calculation of Basic Earnings Per Common Share

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

 

     Year Ended December 31,  
     2012      2011      2010  

Net income

    $ 71,984       $ 172,817       $ 117,892   

Less portion allocated to nonvested shares

      983         3,211         1,178   
  

 

 

     

 

 

     

 

 

  

Net income allocated to common shares

    $ 71,001       $ 169,606       $ 116,714   
  

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding

      74,354         74,033         73,685   
  

 

 

     

 

 

     

 

 

  

Basic and diluted earnings per common share

    $ 0.95       $ 2.29       $ 1.58   

Shares excluded due to being anti-dilutive

      1,923         1,873         1,540