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Earnings Per Share
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic and diluted earnings per common share ("EPS") are calculated as follows:
(In thousands, except per share amounts)
2011
 
2010
 
2009
Income from continuing operations
$
56,836

 
$
60,623

 
$
91,208

Loss from discontinued operations
—

 
(3,268
)
 
(717
)
Net income
$
56,836

 
$
57,355

 
$
90,491

 
 
 
 
 
 
Weighted average common shares outstanding (used to calculate basic EPS)
45,541

 
45,003

 
44,607

Stock options and other stock awards
745

 
847

 
641

Weighted average common shares outstanding (used to calculate diluted EPS)
46,286

 
45,850

 
45,248

 
 
 
 
 
 
Continuing operations
$
1.25

 
1.34

 
2.05

Discontinued operations
—

 
(0.07
)
 
(0.02
)
Earnings per common share – basic
$
1.25

 
1.27

 
2.03

 
 
 
 
 
 
Continuing operations
$
1.23

 
$
1.32

 
$
2.02

Discontinued operations
—

 
(0.07
)
 
(0.02
)
Earnings per common share – diluted
$
1.23

 
$
1.25

 
$
2.00

The assumed conversions to common stock of the company's warrants, stock options, other stock awards and 4.25% Convertible Senior Notes due 2016 ("Convertible Notes") are excluded from the diluted EPS computations for periods in which these items, on an individual basis, have an anti-dilutive effect on diluted EPS. In 2011, 2010 and 2009, the effect of the conversion of the Convertible Notes would have been anti-dilutive because the average trading price of the common stock was below the initial conversion price of $22.45 per share. Additionally, shares were excluded from the diluted EPS calculation related to restricted stock, stock options and long term incentive plans because they were anti-dilutive. These excluded shares were 1.5 million, 1.5 million, and 2.0 million for 2011, 2010 and 2009, respectively.