NOTE 4 - NET INCOME PER SHARE

The following table reconciles basic and diluted net income per share for the three and six months ended June 30:


(dollars and shares in thousands,		Three Months Ended		Three Months Ended
except per share data)		June 30, 2011		June 30, 2010
Basic Earnings Per Share
Net income	$	17,016	$	10,523

Weighted average common shares outstanding		94,479		86,786
Basic Earnings Per Share	$	0.18	$	0.12

Diluted Earnings Per Share
Net income	$	17,016	$	10,523

Weighted average common shares outstanding		94,479		86,786
Effect of dilutive securities:
Restricted stock (1)		203		114
Stock options (2)		19		11
Weighted average shares outstanding		94,701		86,911
Diluted Earnings Per Share	$	0.18	$	0.12


(dollars and shares in thousands,		Six Months Ended		Six Months Ended
except per share data)		June 30, 2011		June 30, 2010
Basic Earnings Per Share
Net income	$	33,449	$	20,592

Weighted average common shares outstanding		94,456		86,769
Basic Earnings Per Share	$	0.35	$	0.24

Diluted Earnings Per Share
Net income	$	33,449	$	20,592

Weighted average common shares outstanding		94,456		86,769
Effect of dilutive securities:
Restricted stock (1)		194		109
Stock options (2)		24		11
Weighted average shares outstanding		94,674		86,889

Diluted Earnings Per Share	$	0.35	$	0.24

(1) 1 and 18 shares of restricted stock and restricted stock units were not included in the computation of net income per diluted share for the second quarter ended June 30, 2011 and 2010, respectively, because the effect would be antidulitive. 87 and 69 shares of restricted stock and restricted stock units were not included in the computation of net income per diluted share for the six months ended June 30, 2011 and 2010, respectively, because the effect would be antidilutive. (2)Options to purchase 4,606 shares and 6,015 shares outstanding at June 30, 2011 and 2010, respectively, were not included in the computation of net income per diluted share for the second quarter and six months ended June 30, 2011 and 2010, respectively, because the exercise price of these options was greater than the average market price of the common shares and, therefore, the effect would be antidilutive.