v2.3.0.15
Net Income Per Common Share (Tables)
9 Months Ended
Sep. 30, 2011
Earnings Per Share [Abstract] 
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted net income per common share for the periods indicated (in thousands, except share and per share data):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2011
 
2010
 
2011
 
2010
Basic EPS:
 
 
 
 
 
 
 
 
Net income applicable to common stock
 
$
69,326

 
$
77,287

 
$
210,040

 
$
179,864

Amount allocable to common shareholders
 
99.1
%
 
99.2
%
 
99.1
%
 
99.2
%
Rights to undistributed earnings
 
$
68,686

 
$
76,695

 
$
208,106

 
$
178,482

Weighted average shares outstanding—basic
 
362,019,205

 
353,954,532

 
359,763,082

 
353,342,910

Net income per common share—basic
 
$
0.19

 
$
0.22

 
$
0.58

 
$
0.51

Diluted EPS:
 

 

 

 

Rights to undistributed earnings
 
$
68,686

 
$
76,695

 
$
208,106

 
$
178,482

Weighted average shares outstanding—basic
 
362,019,205

 
353,954,532

 
359,763,082

 
353,342,910

Effect of dilutive securities:
 

 

 

 

Stock options
 
2,846,021

 
2,468,684

 
3,954,716

 
2,250,869

Weighted average shares outstanding—diluted
 
364,865,226

 
356,423,216

 
363,717,798

 
355,593,779

Net income per common share—diluted
 
$
0.19

 
$
0.22

 
$
0.57

 
$
0.50