Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 3. Earnings Per Share

We compute earnings per share in accordance with FASB ASC Topic 260, "Earnings Per Share." Diluted earnings per share includes potential common shares assumed issued under the "treasury stock method," which reflects the potential dilution that would occur if any outstanding options are exercised. Diluted earnings per share also includes the "if converted" method for participating securities if the effect is dilutive.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
	(in thousands, except share and per share amounts)
Basic EPS:
Net income	$	6,692	$	4,358	$	17,888	$	26,059
Basic weighted average common shares		18,294,040		18,528,110		18,306,516		18,711,097
Basic earnings per common share	$	0.37	$	0.24	$	0.98	$	1.39
Diluted EPS:
Net income	$	6,692	$	4,358	$	17,888	$	26,059
Diluted weighted average common shares:
Weighted average common shares		18,294,040		18,528,110		18,306,516		18,711,097
Stock options		405,207		448,304		451,613		437,779
Restricted stock		9,474		6,160		8,604		6,382
Diluted weighted average common shares		18,708,721		18,982,574		18,766,733		19,155,258
Diluted earnings per common share	$	0.36	$	0.23	$	0.95	$	1.36