COMMON STOCK AND EARNINGS PER SHARE

9 Months Ended

Sep. 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		Nine months ended
	September 30, 2011	September 30, 2010	September 30, 2011	September 30, 2010
	(in thousands)
Weighted average shares of common stock outstanding-basic	46,250	45,637	46,219	45,632
Potentially dilutive shares resulting from stock plans	542	517	640	388
Weighted average common shares-diluted	46,792	46,154	46,859	46,020
Antidilutive options not included in the weighted average common shares - diluted	227	1,704	76	1,844

Common stock activity for the nine months ended September 30, 2011 and 2010 included the repurchase of approximately 692,201 shares for $13.9 million and 464,525 shares for $5.6 million, respectively.  Common stock activity for the first nine months of 2011 also included the exercise of 857,908 options for $13.0 million and the vesting of 64,972 restricted shares in 2011.  Common stock activity for the first nine months of 2010 included the exercise of 512,980 options for $5.6 million and the vesting of 39,817 restricted shares in 2010.