COMMON STOCK AND EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2013

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
	March 31,2013	March 31,2012
	(in thousands)
Weighted average shares of common stock outstanding - basic	46,833	46,496
Potentially dilutive shares resulting from stock plans	739	600
Weighted average common shares - diluted	47,572	47,096
Antidilutive options not included in the weighted average common shares - diluted	164	262

Common stock activity for the three months ended March 31, 2013 and 2012 included the repurchase of approximately 133,767 shares for $2.3 million and 155,991 shares for $2.5 million, respectively.  Common stock activity for the first three months of 2013 also included the exercise of 183,036 options for $2.1 million and the vesting of 66,630 restricted shares.  Common stock activity for the first three months of 2012 also included the exercise of 37,089 options for $0.4 million and the vesting of 368,010 restricted shares.