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):



	Year Ended December 31,
	2011			2010			2009
Basic EPS:
Net income applicable to common stock	$	301,310		$	193,415		$	176,844
Amount allocable to common shareholders	99.1		%	99.3		%	99.6		%
Rights to undistributed earnings	$	298,583		$	192,044		$	176,160
Weighted average shares outstanding—basic	360,410,168			353,711,045			351,898,898
Net income per common share—basic	$	0.83		$	0.54		$	0.50
Diluted EPS:
Rights to undistributed earnings	$	298,583		$	192,044		$	176,160
Weighted average shares outstanding—basic	360,410,168			353,711,045			351,898,898
Effect of dilutive securities:
Stock options	3,427,772			2,424,044			4,044,023
Weighted average shares outstanding—diluted	363,837,940			356,135,089			355,942,921
Net income per common share—diluted	$	0.82		$	0.54		$	0.49