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Earnings Per Share
3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

7. Earnings Per Share

The following is a reconciliation of the basic and diluted earnings per share computation:

 

                 
    Three Months Ended
March 31,
 
    2013     2012  

Net income

  $ 7,854     $ 1,115  
   

 

 

   

 

 

 

Shares of common stock and common stock equivalents:

               

Weighted averages shares used in basic computation

    125,436       119,182  

Dilutive effect of stock options and unvested restricted stock

    14,214       18,218  
   

 

 

   

 

 

 

Weighted averages shares used in dilutive computation

    139,650       137,400  
   

 

 

   

 

 

 

Basic earnings per share

  $ 0.06     $ 0.01  

Dilutive earnings per share

  $ 0.06     $ 0.01  

Diluted earnings per share reflects the potential reduction in earnings per share that could occur if options or other contracts to issue common stock were exercised or converted into common stock under the treasury stock method. The dilutive effect of options and restricted shares to purchase shares of common stock were included in the three months ended March 31, 2013 and 2012 respectively.