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COMMON STOCK AND EARNINGS PER SHARE
6 Months Ended
Jun. 30, 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

 

Six months ended

 

 

 

June 30,

 

June 30,

 

June 30,

 

June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

(in thousands)

 

Weighted-average number of common shares outstanding - basic

 

46,897

 

46,621

 

46,865

 

46,559

 

Potentially dilutive shares resulting from stock plans

 

696

 

396

 

718

 

498

 

Weighted-average number of common shares outstanding - diluted

 

47,593

 

47,017

 

47,583

 

47,057

 

Antidilutive equity awards number not included in the weighted-average common shares-diluted

 

242

 

606

 

164

 

438

 

 

Common stock activity for the six months ended June 30, 2013 and 2012 included the repurchase of 144,714 shares for $2.5 million and 164,862 shares for $2.6 million, respectively.  Common stock activity for the first six months of 2013 also included the exercise of 183,036 options for $2.1 million and the vesting of 86,630 restricted shares.  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.