Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

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Net Income Per Share
3 Months Ended
Sep. 30, 2011
Earnings Per Share [Abstract]
Net Income Per Share
NET INCOME PER SHARE
Basic net income per share is calculated by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income per share is calculated by using the weighted-average number of common shares outstanding during the period, increased to include the number of additional shares of common stock that would have been outstanding if the shares of common stock underlying the Company’s outstanding dilutive stock options and restricted stock units had been issued. The dilutive effect of outstanding options and restricted stock units is reflected in diluted net income per share by application of the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax benefits that would be recorded in additional paid-in capital when the award becomes deductible are assumed to be used to repurchase shares. The following table sets forth the computation of basic and diluted net income per share:
(In thousands, except per share amounts)
Three months ended
September 30,
2011
2010
Numerator:
Net income
$
191,995

$
154,196

Denominator:
Weighted-average shares-basic, excluding unvested restricted stock units
166,684

167,187

Effect of dilutive options and restricted stock units
3,151

2,652

Weighted-average shares-diluted
169,835

169,839

Basic net income per share
$
1.15

$
0.92

Diluted net income per share
$
1.13

$
0.91

Anti-dilutive securities excluded from the computation of diluted net income per share
6,635

10,340


The total amount of dividends paid during the three months ended September 30, 2011 and 2010 was $58.5 million and $41.8 million , respectively. On July 12, 2011, the Company announced that its Board of Directors had authorized an increase in the level of the Company's quarterly dividend from $0.25 to $0.35 per share. The increase in the amount of dividends paid during the three months ended September 30, 2011 reflects that increase in the level of the Company's quarterly dividend.
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