Net Income per Share

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
	(in thousands, except per-share amounts)
Numerator
Net income	$	30,884	$	27,657	$	88,894	$	52,457
Denominator
Weighted-average shares outstanding, basic	72,427		72,175		72,367		46,840
Effect of dilutive nonvested stock awards	231		252		214		289
Adjusted weighted-average shares outstanding, diluted	72,658		72,427		72,581		47,129
Net Income per Share
Basic earnings per common share	$	0.43	$	0.38	$	1.23	$	1.12
Diluted earnings per common share	$	0.43	$	0.38	$	1.22	$	1.11

As of September 30, 2012, there were no anti-dilutive stock awards excluded from the computation of diluted earnings per common share. As of September 30, 2011, there were 121,000 anti-dilutive awards excluded from the computation of diluted earnings per common share.