Earnings Per Share

9 Months Ended

Sep. 30, 2011

12. Earnings Per Share

The following table sets forth the computation of basic and diluted income per share, including a reconciliation of net income and the number of shares used in computing basic and diluted earnings per share. Basic income per share is determined using the weighted average shares of common stock outstanding during the period, including deferred stock units. Diluted income per share is determined using the weighted average shares of common stock outstanding during the period, including deferred stock units, and assumes all potentially dilutive securities were converted into common shares at the earliest date possible. There were no potentially dilutive securities outstanding during the three and nine months ended September 30, 2011 and 2010.

			Three Months Ended				Nine Months Ended
			September 30,				September 30,
(Amounts in thousands, except share and per share amounts)			2011		2010		2011		2010
	Net income attributable to common
		stockholders – basic and diluted	$	20,425	$	17,875	$	58,789	$	48,538

	Weighted average shares outstanding – basic and diluted			5,106,984		5,105,936		5,106,427		5,105,936

	Net income per common share – basic and diluted		$	4.00	$	3.50	$	11.51	$	9.51