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Earnings Per Share
 6 Months Ended
Jun. 30, 2013
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
June 30,		  
     2013      2012  
(In thousands, except per share data)              

Numerator:

      

Net income

    $ 64,465       $ 45,154   

Denominator:

      

Basic common shares outstanding

      96,432         96,266   

Effect of dilutive securities:

      

Stock options, unvested restricted stock and performance units

      1,062         1,145   
  

 

 

     

 

 

  

Diluted common shares outstanding

      97,494         97,411   
  

 

 

     

 

 

  

Basic income per common share

    $ 0.67       $ 0.47   

Diluted income per common share

    $ 0.66       $ 0.46   
     Six Months Ended
June 30,		  
     2013      2012  
(In thousands, except per share data)              

Numerator:

      

Net income

    $ 125,078       $ 62,998   

Denominator:

      

Basic common shares outstanding

      96,424         96,432   

Effect of dilutive securities:

      

Stock options, unvested restricted stock and performance units

      1,037         1,164   
  

 

 

     

 

 

  

Diluted common shares outstanding

      97,461         97,596   
  

 

 

     

 

 

  

Basic income per common share

    $ 1.30       $ 0.65   

Diluted income per common share

    $ 1.28       $ 0.65   

All outstanding options to purchase shares for the remaining periods presented were included in the computation of diluted common shares outstanding.