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Net Income per Share
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Net Income per Share
Net Income per Share
The following table sets forth the computation of basic and diluted earnings per common share:
 
 
Three months ended March 31,
 
2012
 
2011
 
(in thousands, except per-share amounts)
Numerator
 
 
 
Net income
$
23,419

 
$
7,883

Denominator
 
 
 
Weighted-average shares outstanding, basic
72,292

 
26,348

Effect of dilutive nonvested stock awards
207

 
341

Adjusted weighted-average shares outstanding, diluted
72,499

 
26,689

Net Income per Share
 
 
 
Basic earnings per common share
$
0.32

 
$
0.30

Diluted earnings per common share
$
0.32

 
$
0.30


At March 31, 2012, there was a weighted-average of 12 thousand anti-dilutive awards excluded from the computation of diluted earnings per common share. At March 31, 2011, there were no anti-dilutive awards excluded from the computation of diluted earnings per common share.