XML 25 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
NET INCOME PER SHARE
 3 Months Ended
Mar. 31, 2012
NET INCOME PER SHARE
7. NET INCOME PER SHARE

 

Per share results have been computed based on the average number of common shares outstanding. The computation of basic and diluted net income per share is determined using net income applicable to common stockholders as the numerator and the number of shares included in the denominator as follows (in thousands, except per share amounts):

 

    Three Months Ended
March 31,		  
    2012     2011  
Basic net income per share:                
Net income applicable to common stockholders   $ 5,064     $ 3,197  
Undistributed earnings allocated to participating securities     (40 )     (19 )
Net income applicable to common stockholders excluding amounts applicable to participating securities   $ 5,024     $ 3,178  
Weighted average common shares outstanding     68,245       68,007  
Basic net income per share   $ 0.07     $ 0.05  
                 
Diluted net income per share:                
Net income applicable to common stockholders   $ 5,064     $ 3,197  
Undistributed earnings allocated to participating securities     (40 )     (19 )
Net income applicable to common stockholders excluding amounts applicable to participating securities   $ 5,024     $ 3,178  
                 
Weighted average common shares outstanding     68,245       68,007  
Dilutive stock options and restricted stock     373       502  
Diluted weighted average common shares outstanding     68,618       68,509  
Diluted net income per share   $ 0.07     $ 0.05  

 

Average diluted shares outstanding for the three month periods ending March 31, 2012 and 2011 exclude options to purchase common shares totaling 1,333 and 762, respectively, because the exercise prices were greater than the average market price of the common shares.