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Earnings Per Share
12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share
(16) Earnings Per Share

The following table sets forth the calculation of basic and diluted net income per share:

 

 

                         
     Years Ended December 31,  
     2011     2010     2009  

Basic net income per share:

                       

Net income

  $ 195,621     $ 273,371     $ 149,279  
   

 

 

   

 

 

   

 

 

 

Weighted average number of common shares outstanding

    47,731,265       49,522,202       51,647,267  
   

 

 

   

 

 

   

 

 

 

Basic net income per share

  $ 4.10     $ 5.52     $ 2.89  
   

 

 

   

 

 

   

 

 

 

Diluted net income per share:

                       

Net income

  $ 195,621     $ 273,371     $ 149,279  
   

 

 

   

 

 

   

 

 

 

Weighted average number of common shares outstanding

    47,731,265       49,522,202       51,647,267  

Dilutive effect of stock options and non-vested stock awards

    1,593,018       1,085,806       662,001  

Dilutive effect of assumed conversion of the 2.0% Convertible Senior Notes

    1,525,271       —         —    

Dilutive effect of warrants

    313,554       —         —    
   

 

 

   

 

 

   

 

 

 

Weighted average number of common shares and dilutive potential common shares outstanding

    51,163,108       50,608,008       52,309,268  
   

 

 

   

 

 

   

 

 

 

Diluted net income per share

  $ 3.82     $ 5.40     $ 2.85  
   

 

 

   

 

 

   

 

 

 

Potential common stock equivalents representing 50,857 shares, 895,899 shares and 2,676,447 shares for the years ended December 31, 2011, 2010 and 2009, respectively, were not included in the computation of diluted net income per share because to do so would have been anti-dilutive.

The shares issuable upon the conversion of the Company’s 2.0% Convertible Senior Notes (see Note 9) were not included in the computation of diluted net income per share for the years ended December 31, 2010 and 2009 because to do so would have been anti-dilutive.

The Company’s warrants to purchase shares of its common stock (see Note 9) were not included in the computation of diluted net income per share for the years ended December 31, 2010 and 2009 because to do so would have been anti-dilutive.