COMMON STOCK AND EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2012

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 reflects 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 30,2012	June 30,2011	June 30,2012	June 30,2011
	(in thousands)
Weighted average shares of common stock oustanding-basic	46,621	46,246	46,559	46,203
Potentailly dilutive shares resulting from stock plans	396	658	498	687
Weighted average common shares-diluted	47,017	46,904	47,057	46,890
Antidilutive options not included in the weighted average	606	—	438	—

Common stock activity for the six months ended June 30, 2012 and 2011 included the repurchase of approximately 164,862 shares for $2.6 million and 677,670 shares for $13.7 million, respectively.  Common stock activity for the first six months of 2012 also included the exercise of 37,089 options for $0.4 million and the vesting of 388,677 restricted shares.  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.