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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2011
Earnings per Common Share Data

Earnings per common share data were as follows:

 

     Year Ended December 31,  

(in thousands, except per share data)

   2011     2010     2009  

Net earnings

   $ 113,430      $ 385,405      $ 66,768   
  

 

 

   

 

 

   

 

 

 

Weighted-average common shares outstanding, basic

     46,684        49,140        48,129   

Shares issued on exercise of dilutive options

     5,537        8,178        3,490   

Shares purchased with assumed proceeds of options and unearned restricted shares

     (3,448 )      (5,370 )      (2,363 ) 

Shares contingently issuable

     4        9        14   
  

 

 

   

 

 

   

 

 

 

Weighted-average common shares outstanding, diluted

     48,777        51,957        49,270   
  

 

 

   

 

 

   

 

 

 

Net earnings per common share, diluted

   $ 2.33      $ 7.42      $ 1.36   
  

 

 

   

 

 

   

 

 

 

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

     3,263        1,400        7,100