COMMON STOCK AND EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2011

COMMON STOCK AND EARNINGS PER SHARE

COMMON STOCK AND EARNINGS PER SHARE

NOTE 9: COMMON STOCK AND EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding for the period (excluding unvested restricted shares).  Diluted earnings per share reflect the additional dilution for all shares and potential shares issued under the stock incentive plans (including unvested restricted shares).

	Three months ended		Six months ended
	June 30, 2011	June 30, 2010	June 30, 2011	June 30, 2010
	(in thousands)
Weighted average shares of common stock outstanding-basic	46,246	45,632	46,203	45,624
Potentially dilutive shares resulting from stock plans	658	409	687	324
Weighted average common shares-diluted	46,904	46,041	46,890	45,948
Antidilutive options not included in the weighted average common shares - diluted	—	1,724	—	1,884

Common stock activity for the six months ended June 30, 2011 and 2010 included the repurchase of approximately 677,670 shares for $13.7 million and 464,525 shares for $5.6 million, respectively.  Common stock activity for the first six months of 2011 also included the exercise of 849,908 options for $12.9 million and the vesting of 48,305 restricted shares.  Common stock activity for the first six months of 2010 also included the exercise of 512,980 options for $5.5 million and the vesting of 39,817 restricted shares.