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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2013
EARNINGS PER SHARE  
EARNINGS PER SHARE

16.  EARNINGS PER SHARE

 

The following table presents the information used to compute basic and diluted earnings per common share for the periods indicated:

 

 

 

Three Months Ended March 31,

 

 

 

2013

 

2012

 

 

 

(In thousands, except per share data)

 

 

 

 

 

 

 

Net income

 

$

137,309

 

$

13,478

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

41,816

 

41,631

 

Dilutive effect of employee stock options and awards

 

447

 

127

 

Dilutive effect of deferred salary restricted stock units

 

5

 

60

 

Dilutive effect of Treasury warrants

 

29

 

21

 

Weighted average shares outstanding - diluted

 

42,297

 

41,839

 

 

 

 

 

 

 

Basic earnings per share

 

$

3.28

 

$

0.32

 

Diluted earnings per share

 

$

3.25

 

$

0.32

 

 

A total of 26,256 and 40,166 potentially dilutive securities have been excluded from the dilutive share calculation for the three months ended March 31, 2013 and 2012, respectively, as their effect was antidilutive.