Basic and Diluted Per Share

9 Months Ended

Sep. 30, 2012

Basic and Diluted Per Share Data [Abstract]

Basic and Diluted Per Share Data [Text Block]

Basic and Diluted Per Share Data —

Basic net income per common share is based on the weighted average number of shares of common stock outstanding for the period less restricted stock shares issued in connection with the Company's long-term incentive plans and subject to risk of forfeiture. Diluted net income per common share assumes that outstanding common shares were increased by shares issuable upon (i) vesting of restricted stock shares, and (ii) granting of shares deferred under the long-term incentive plan. Restricted stock and shares under the long-term incentive plans have an exercise price of zero.

The reconciliation of basic net income per common share to diluted net income per common share is shown in the following table for the three and nine-month periods ended September 30, 2012 and 2011:

	September 30, 2012					September 30, 2011
	Net Income		Shares	EPS		Net Income		Shares	EPS
Three Months
Basic net income	$	40,633	48,416,895	$	0.84	$	56,997	48,405,860	$	1.18
Effect of dilutive securities:
Restricted stock	—		18,746	—		—		11,706	—
Performance units	—		44,766	—		—		60,626	—
Diluted net income	$	40,633	48,480,407	$	0.84	$	56,997	48,478,192	$	1.18
Nine Months
Basic net income	$	161,835	48,411,854	$	3.34	$	202,426	48,400,778	$	4.18
Effect of dilutive securities:
Restricted stock	—		17,177	—		—		10,730	—
Performance units	—		51,572	—		—		67,425	—
Diluted net income	$	161,835	48,480,603	$	3.34	$	202,426	48,478,933	$	4.18