The following table shows the calculation of both basic and diluted earnings per common share for the three and nine months ended September 30, 2012 and 2011:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
	(in thousands, except for share data)

Net income	$	39,447	$	35,357	$	106,798	$	108,836


Basic weighted-average number of common shares outstanding		197,437,988		178,507,769		197,205,865		178,333,952
Plus: Common stock equivalents		-		613		438		4,358

Diluted weighted-average number of common shares outstanding		197,437,988		178,508,382		197,206,303		178,338,310


Earnings per common share:
Basic	$	0.20	$	0.20	$	0.54	$	0.61
Diluted		0.20		0.20		0.54		0.61