Basis of Consolidation and Presentation (Tables)

3 Months Ended

Mar. 31, 2014

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, 2014 and 2013 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,
	2014			2013
BASIC EPS:
Net income	$	34,822		$	56,230
Adjust for income attributed to holders of non-vested restricted stock		(353	)		(482	)

Income attributed to common stockholders	$	34,469		$	55,748

Weighted average number of common shares outstanding, excluding non-vested shares of restricted stock		142,892			144,827

Basic net income per common share	$	0.24		$	0.38

DILUTED EPS:
Income attributed to common stockholders	$	34,469		$	55,748

Weighted average number of common shares outstanding, excluding non-vested shares of restricted stock		142,892			144,827
Add dilutive effect of potential common shares		2,207			1,956

Weighted average number of diluted common shares outstanding		145,099			146,783

Diluted net income per common share	$	0.24		$	0.38

Potentially dilutive securities excluded as anti-dilutive		80			1,874