| Earnings per share (EPS) |
| 3. |
Earnings per share (EPS) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended June 30, 2012 |
|
| |
|
Income
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per-Share
Amount
|
|
|
Basic EPS
|
|
$ |
20,083,000 |
|
|
|
117,410,212 |
|
|
$ |
0.17 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options and restricted stock
|
|
|
|
|
|
|
1,116,667 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS
|
|
$ |
20,083,000 |
|
|
|
118,526,879 |
|
|
$ |
0.17 |
|
| |
|
| |
|
Six Months Ended June 30, 2012 |
|
| |
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per-Share
Amount |
|
|
Basic EPS
|
|
$ |
46,475,000 |
|
|
|
117,129,364 |
|
|
$ |
0.40 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options and restricted stock
|
|
|
|
|
|
|
1,493,673 |
|
|
$ |
(0.01 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS
|
|
$ |
46,475,000 |
|
|
|
118,623,037 |
|
|
$ |
0.39 |
|
| |
|
| |
|
Three Months Ended June 30, 2011 |
|
| |
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per-Share
Amount |
|
|
Basic EPS
|
|
$ |
14,173,000 |
|
|
|
116,144,818 |
|
|
$ |
0.12 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options and restricted stock
|
|
|
|
|
|
|
1,108,770 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS
|
|
$ |
14,173,000 |
|
|
|
117,253,588 |
|
|
$ |
0.12 |
|
| |
|
| |
|
Six Months Ended June 30, 2011 |
|
| |
|
Income
(Numerator) |
|
|
Shares
(Denominator) |
|
|
Per-Share
Amount |
|
|
Basic EPS
|
|
$ |
19,001,000 |
|
|
|
115,634,881 |
|
|
$ |
0.16 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options and restricted stock
|
|
|
|
|
|
|
1,115,836 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS
|
|
$ |
19,001,000 |
|
|
|
116,750,717 |
|
|
$ |
0.16 |
|
There were no options outstanding during the three and six month periods ended June 30, 2012. All
options outstanding during the three months ended June 30, 2011 were included in the computation of diluted EPS as the options’ exercise prices were less than the average market price of the common shares. For the six months ended
June 30, 2011, options to purchase 15,000 shares at an exercise price of $5.91 were excluded from the calculation of diluted EPS because the options’ exercise prices were greater than the average market price of the common shares for the
six month period and therefore would have been anti-dilutive.
|