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Earnings Per Share
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

3. Earnings Per Share

The following table sets forth the computation of basic and diluted income per common share for the periods presented.

 

     Three Months Ended
March 31,		  
     2012      2011  
(In thousands, except per share data)              

Numerator:

      

Net income

    $ 17,844       $ 37,417   

Denominator:

      

Basic common shares outstanding

      96,598         100,741   

Effect of dilutive securities:

      

Stock options

      213         332   

Unvested restricted stock

      918         836   
  

 

 

     

 

 

  

Diluted common shares outstanding

      97,729         101,909   
  

 

 

     

 

 

  

Basic income per common share

    $ 0.18       $ 0.37   

Diluted income per common share

    $ 0.18       $ 0.37   

All outstanding options to purchase shares for the three months ended March 31, 2012 and 2011 were included in the computation of diluted common shares outstanding.