Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

(3) Earnings Per Share

The following is a reconciliation of basic and diluted earnings per share for the years presented in the consolidated statements of income:

	Years ended December 31,
	2011						2010						2009
			Weighted						Weighted						Weighted
(In thousands, except share and per share data)	Net income		average shares		Per share amount		Net income		average shares		Per share amount		Net income		average shares		Per share amount
Basic earnings per share	$	57,901		33,662	$	1.72	$	57,404		34,275	$	1.67	$	52,011		33,723	$	1.54
Effect of dilutive securities
Stock based compensation				262						234						180
Diluted earnings per share	$	57,901		33,924	$	1.71	$	57,404		34,509	$	1.66	$	52,011		33,903	$	1.53

There were approximately 1,258,000, 1,309,000, and 1,245,000 weighted average stock options for the years ended December 31, 2011, 2010, and 2009, respectively, that were not considered in the calculation of diluted earnings per share since the stock options' exercise prices were greater than the average market price during  these  periods.