Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Notes)

v2.4.0.6
Earnings Per Share (Notes)
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted earnings per share, or EPS, for the three months ended March 31, 2012 and 2011:
 
Three Months Ended
 
March 31,
(in thousands, except share data)
2012
 
2011
Numerator:
 
 
 
Net income attributable to common stockholders for basic and diluted earnings per share
$
51,800

 
$
22,377

Denominator:
 
 
 
Weighted average common shares outstanding
186,804,142

 
45,561,141

Weighted average restricted stock shares
51,447

 
51,235

Basic and diluted weighted average shares outstanding
186,855,589

 
45,612,376

Basic and Diluted Earnings Per Share:
$
0.28

 
$
0.49



For the three months ended March 31, 2012 and 2011, the Company has assumed that no warrants would be exercised as the weighted average market value per share of the Company's common stock was below the strike price of the warrants and the warrants would be anti-dilutive.