Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share

Earnings Per Share

(12) Earnings Per Share

The following table is a reconciliation of basic and diluted EPS.

	For the Year Ended December 31,
(In Thousands, Except Share Data)		2012			2011			2010
Net income	$53,091			$67,209			$73,734
Income allocated to participating securities (restricted stock)	(463		)	(1,685		)	(1,752		)
Income attributable to common shareholders	$52,628			$65,524			$71,982
Average number of common shares outstanding - basic	95,455,344			93,253,928			91,776,907
Dilutive effect of stock options (1)	-			-			34
Average number of common shares outstanding - diluted	95,455,344			93,253,928			91,776,941
Income per common share attributable to common shareholders:
Basic	$0.55			$0.70			$0.78
Diluted	$0.55			$0.70			$0.78

(1) Excludes options to purchase 5,495,748 shares of common stock which were outstanding during the year ended December 31, 2012; options to purchase 6,846,339 shares of common stock which were outstanding during the year ended December 31, 2011; and options to purchase 7,934,284 shares of common stock which were outstanding during the year ended December 31, 2010 because their inclusion would be anti-dilutive.