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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2011
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of reconciliation of numerator and denominator of the basic and diluted earnings per share computations

 

 

 

 

For the Three-Month Period

 

For the Three-Month Period

 

 

 

Ended June 30, 2011

 

Ended June 30, 2010

 

(in thousands, except

 

Income

 

Shares

 

Per Share

 

Income

 

Shares

 

Per Share

 

per share data)

 

(Numerator)

 

(Denominator)

 

Amount

 

(Numerator)

 

(Denominator)

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common shareholders

 

$

47,381

 

21,075

 

$

2.25

 

$

34,994

 

21,026

 

$

1.66

 

Effect of Dilutive Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock Options

 

 

257

 

 

 

 

197

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common shareholders

 

$

47,381

 

21,332

 

$

2.22

 

$

34,994

 

21,223

 

$

1.65

 

 

 

 

For the Six-Month Period

 

For the Six-Month Period

 

 

 

Ended June 30, 2011

 

Ended June 30, 2010

 

(in thousands, except

 

Income

 

Shares

 

Per Share

 

Income

 

Shares

 

Per Share

 

per share data)

 

(Numerator)

 

(Denominator)

 

Amount

 

(Numerator)

 

(Denominator)

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common shareholders

 

$

73,842

 

21,050

 

$

3.51

 

$

59,215

 

21,100

 

$

2.81

 

Effect of Dilutive Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

265

 

 

 

 

198

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

Income available to common shareholders

 

$

73,842

 

21,315

 

$

3.46

 

$

59,215

 

21,298

 

$

2.78