Earning Per Share

9 Months Ended

Sep. 30, 2011

(3)

The following table sets forth the reconciliation between weighted average shares used for calculating basic and diluted earnings per share for the three and nine months ended September 30, 2011 and 2010.


	Three months ended						Nine months ended
	September 30,						September 30,
	2011			2010			2011			2010

Income (Numerator)
Net earnings	$	13,713		$	13,945		$	27,486		$	47,012
Less: Income to participating securities		(164	)		(201	)		(322	)		(720	)

Income available to common stockholders	$	13,549		$	13,744		$	27,164		$	46,292


Shares (Denominator)
Weighted average shares outstanding (basic)		103,681			103,107			103,570			102,982
Dilutive effect of employee stock options		358			395			389			415
Dilutive effect of restricted stock units (RSUs)		—			—			—			—

Adjusted weighted average shares outstanding		104,039			103,502			103,959			103,397

Earnings per share:
Basic	$	0.13		$	0.13		$	0.26		$	0.45
Diluted	$	0.13		$	0.13		$	0.26		$	0.45

In calculating diluted earnings per share (EPS) for the three and nine months ended September 30, 2011, the Company excluded common stock options for 8,794 shares and 8,775 shares, respectively, because to include them would be anti-dilutive. In calculating diluted EPS for the three and nine months ended September 30, 2010, the Company excluded options for 10,546 shares and 10,529 shares, respectively, because to include them would be anti-dilutive. Additionally, for the three and nine months ended September 30, 2011, the Company excluded from the calculation RSUs of 594 and 499, respectively, because they are participating securities. For the three and nine months ended September 30, 2010, the Company excluded from the calculation RSUs of 361 and 359, respectively, because they are participating securities.