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Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

8. Earnings Per Share

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

 

     For the Year Ended December 31,  
     2013      2012      2011  
     (shares in thousands)  

Net income

    $ 51,537       $ 11,030       $ 3,092   
  

 

 

     

 

 

     

 

 

  

Shares of common stock and common stock equivalents:

         

Weighted averages shares used in basic computation

      126,651         122,138         114,132   

Dilutive effect of stock options and unvested restricted stock

      13,146         15,830         21,407   
  

 

 

     

 

 

     

 

 

  

Weighted averages shares used in dilutive computation

      139,797         137,968         135,539   
  

 

 

     

 

 

     

 

 

  

Basic earnings per share

    $ 0.41       $ 0.09       $ 0.03   

Dilutive earnings per share

    $ 0.37       $ 0.08       $ 0.02   

 

 

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 years ended December 31, 2013, 2012 and 2011, respectively.