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Earnings per Share
6 Months Ended
Jun. 30, 2011
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
EARNINGS PER SHARE:
The following table sets forth the computation of basic and diluted earnings per share (EPS) for the three and six months ended June 30, 2011 and 2010 (in thousands, except per share amounts):
 
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2011
 
2010
 
2011
 
2010
Numerators:
 
 
 
 
 
 
 
Income from continuing operations, net of tax
$
31,145


 
$
20,691


 
$
53,267


 
$
36,667


Loss from discontinued operations, net of tax


 
(56
)
 


 
(72
)
Net income
$
31,145


 
$
20,635


 
$
53,267


 
$
36,595


 
 
 
 
 
 
 
 
Denominators:
 
 
 
 
 
 
 
Weighted average Class A common shares outstanding - Basic
39,903


 
38,831


 
39,695


 
38,711


Weighted average Class B common shares outstanding
2,218


 
2,484


 
2,311


 
2,503


Dilutive effect of employee stock grants
636


 
408


 
648


 
381


Weighted average shares - Diluted
42,757


 
41,723


 
42,654


 
41,595


 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Earnings per common share from continuing operations
$
0.78


 
$
0.53


 
$
1.34


 
$
0.95


Loss per common share from discontinued operations


 


 


 


Earnings per common share
$
0.78


 
$
0.53


 
$
1.34


 
$
0.95


 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
Earnings per common share from continuing operations
$
0.73


 
$
0.50


 
$
1.25


 
$
0.88


Loss per common share from discontinued operations


 


 


 


Earnings per common share
$
0.73


 
$
0.49


 
$
1.25


 
$
0.88


The following total number of Class A common stock issuable under the assumed exercise of stock options computed based on the treasury stock method were excluded from the calculation of diluted earnings per common share, as the effect of including these shares would have been anti-dilutive: