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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2011
Reconciliation of Basic and Diluted Earnings Per Share
The following table is a reconciliation of basic and diluted earnings per share.

   
For the Three Months Ended
   
For the Six Months Ended
 
   
June 30,
   
June 30,
 
(In Thousands, Except Share Data)
 
2011
   
2010
   
2011
   
2010
 
Net income
  $ 16,845     $ 15,546     $ 44,229     $ 28,472  
Income allocated to participating securities (restricted stock)
    (428 )     (379 )     (1,099 )     (688 )
Income attributable to common shareholders
  $ 16,417     $ 15,167     $ 43,130     $ 27,784  
Average number of common shares outstanding – basic
    92,949,206       91,621,997       92,842,398       91,541,675  
Dilutive effect of stock options (1)
    -       -       -       67  
Average number of common shares outstanding – diluted
    92,949,206       91,621,997       92,842,398       91,541,742  
Income per common share attributable to common shareholders:
                               
Basic
  $ 0.18     $ 0.17     $ 0.46     $ 0.30  
Diluted
  $ 0.18     $ 0.17     $ 0.46     $ 0.30  

(1)
Excludes options to purchase 6,889,199 shares of common stock which were outstanding during the three months ended June 30, 2011; options to purchase 7,999,253 shares of common stock which were outstanding during the three months ended June 30, 2010;  options to purchase 6,902,494 shares of common stock which were outstanding during the six months ended June 30, 2011; and options to purchase 8,016,292 shares of common stock which were outstanding during the six months ended June 30, 2010 because their inclusion would be anti-dilutive.