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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2011
Earnings Per Common Share Data

Earnings per common share data were as follows:

 

     Three Months Ended
June 30,
    Six Months Ended
June 30,
 

(in thousands, except per share data)

   2011     2010     2011     2010  

Net earnings

   $ 30,252      $ 11,105      $ 51,663      $ 333,633   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average common shares outstanding, basic

     47,877        49,531        48,903        49,251   

Shares issued on exercise of dilutive options

     5,591        9,142        6,142        8,237   

Shares purchased with assumed proceeds of options and unearned restricted shares

     (3,305     (6,183     (3,799     (5,469

Shares contingently issuable

     4        9        4        9   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average common shares outstanding, diluted

     50,167        52,499        51,250        52,028   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings per common share, diluted

   $ 0.60      $ 0.21      $ 1.01      $ 6.41   
  

 

 

   

 

 

   

 

 

   

 

 

 

Anti-dilutive options excluded from calculation of weighted- average common shares outstanding, diluted

     3,285        1,472        2,915        2,729