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Basis of Consolidation and Presentation (Tables)
3 Months Ended
Mar. 31, 2013
Calculation of Basic and Diluted Net Income Per Share

The following table presents information necessary to calculate net income per share for the three months ended March 31, 2013 and 2012 as well as potentially dilutive securities excluded from the weighted average number of diluted common shares outstanding because their inclusion would have been anti-dilutive (in thousands, except per share amounts):

 

     Three Months Ended
March 31,
 
     2013     2012  

BASIC EPS:

    

Net income

   $ 56,230      $ 97,274   

Adjust for income attributed to holders of non-vested restricted stock

     (482     (742
  

 

 

   

 

 

 

Income attributed to common stockholders

   $ 55,748      $ 96,532   
  

 

 

   

 

 

 

Weighted average number of common shares outstanding, excluding non-vested shares of restricted stock

     144,827        154,625   
  

 

 

   

 

 

 

Basic net income per common share

   $ 0.38      $ 0.62   
  

 

 

   

 

 

 

DILUTED EPS:

    

Income attributed to common stockholders

   $ 55,748      $ 96,532   

Add incremental earnings related to potential common shares

     6        —     
  

 

 

   

 

 

 

Adjusted income attributed to common stockholders

   $ 55,754      $ 96,532   
  

 

 

   

 

 

 

Weighted average number of common shares outstanding, excluding non-vested shares of restricted stock

     144,827        154,625   

Add dilutive effect of potential common shares

     1,956        776   
  

 

 

   

 

 

 

Weighted average number of diluted common shares outstanding

     146,783        155,401   
  

 

 

   

 

 

 

Diluted net income per common share

   $ 0.38      $ 0.62   
  

 

 

   

 

 

 

Potentially dilutive securities excluded as anti-dilutive

     1,874        3,229