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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2012
EARNINGS PER SHARE  
Information related to the calculation of earnings per share

 

 

 

Three months ended

 

 

 

September 30, 2012

 

September 30, 2011

 

 

 

Diluted

 

Basic

 

Diluted

 

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

42,127

 

$

42,127

 

$

49,297

 

$

49,297

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

Shares of common stock

 

66,541

 

66,541

 

66,381

 

66,381

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

Stock options

 

1,804

 

 

2,291

 

 

Restricted stock

 

8

 

 

5

 

 

Total average equivalent shares

 

68,353

 

66,541

 

68,677

 

66,381

 

Net income per share

 

$

0.62

 

$

0.63

 

$

0.72

 

$

0.74

 

 

 

 

Nine months ended

 

 

 

September 30, 2012

 

September 30, 2011

 

 

 

Diluted

 

Basic

 

Diluted

 

Basic

 

Consolidated operations

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

$

127,622

 

$

127,622

 

$

145,063

 

$

145,063

 

 

 

 

 

 

 

 

 

 

 

Average equivalent shares

 

 

 

 

 

 

 

 

 

Shares of common stock

 

66,439

 

66,439

 

66,747

 

66,747

 

Effect of dilutive stock based compensation

 

 

 

 

 

 

 

 

 

Stock options

 

2,259

 

 

2,863

 

 

Restricted stock

 

13

 

 

6

 

 

Total average equivalent shares

 

68,711

 

66,439

 

69,616

 

66,747

 

Net income per share

 

$

1.86

 

$

1.92

 

$

2.08

 

$

2.17