Computation of Earnings per Common Share

3 Months Ended

Jun. 30, 2013

Computation of Earnings per Common Share [Abstract]

Computation of Earnings per Common Share

Note 5 - Computation of Earnings per Common Share

Earnings per common share data were computed as follows (in thousands, except per share amounts):

	Three Months Ended
	June 30,
Basic earnings per share:	2013		2012
Numerator:
Net income	$	9,967	$	10,468
Denominator:
Weighted-average common shares outstanding		213,640		217,510
Basic earnings per share	$	0.05	$	0.05
Diluted earnings per share:
Numerator:
Net income	$	9,967	$	10,468
Denominator:
Weighted-average common shares outstanding		213,640		217,510
Dilutive effect of stock awards		6,054		3,886
Total shares		219,694		221,396
Diluted earnings per share	$	0.05	$	0.05

During the three months ended June 30, 2013 and 2012, stock awards to purchase 2.2 million and 14.5 million shares, respectively, were excluded from the diluted earnings per share calculation because they were anti-dilutive and stock awards to purchase 5.4 million and 1.4 million shares, respectively, were excluded from the calculation because the performance conditions for vesting had not yet been met. See note 6 for a discussion of options with performance conditions and performance based stock awards.