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Earnings Per Share
 6 Months Ended
Jun. 30, 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
June 30,		      Six Months Ended
June 30,		  
     2013      2012      2013      2012  
     (shares in thousands)      (shares in thousands)  

Net income

    $ 12,242       $ 129       $ 20,096       $ 1,244   
  

 

 

     

 

 

     

 

 

     

 

 

  

Shares of common stock and common stock equivalents:

            

Weighted averages shares used in basic computation

      125,771         121,920         125,605         120,551   

Dilutive effect of stock options and unvested restricted stock

      14,310         16,557         14,111         17,197   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted averages shares used in dilutive computation

      140,081         138,477         139,716         137,748   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share

    $ 0.10       $ 0.00       $ 0.16       $ 0.01   

Dilutive earnings per share

    $ 0.09       $ 0.00       $ 0.14       $ 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. Options and restricted shares to purchase shares of common stock were included in the calculation of dilutive earnings per share for the three and six months ending June 30, 2013 and 2012.