Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

3. EARNINGS PER SHARE

Basic earnings per share is calculated by dividing income available to stockholders by the weighted-average number of common shares outstanding during each period. Diluted earnings per share is computed using the weighted-average number of common and dilutive common share equivalents outstanding during the period. Dilutive common share equivalents consist of shares issuable upon the exercise or settlement of stock awards (calculated using the treasury stock method) during the period they were outstanding.

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share information):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
Numerator:
Net income	$	64,461	$	92,006	$	124,149	$	160,273
Denominator:
Denominator for basic earnings per share — weighted-average shares outstanding	187,229		186,372		186,945		186,052
Effect of dilutive employee stock awards	1,257		2,907		1,805		3,030
Denominator for diluted earnings per share — weighted-average shares outstanding	188,486		189,279		188,750		189,082
Basic earnings per share	$	0.34	$	0.49	$	0.66	$	0.86
Diluted earnings per share	$	0.34	$	0.49	$	0.66	$	0.85
Anti-dilutive weighted-average shares	6,270		3,326		4,689		4,103