Earnings Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Note 3. Earnings Per Share

We compute earnings per share in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“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,
	2012		2011		2012		2011
	(in thousands, except share and per share amounts)
Basic EPS:
Net income	$	7,121	$	4,884	$	20,127	$	16,108
Basic weighted average common shares		18,173,062		18,294,040		18,154,690		18,306,516
Basic earnings per common share	$	0.39	$	0.27	$	1.11	$	0.88
Diluted EPS:
Net income	$	7,121	$	4,884	$	20,127	$	16,108
Diluted weighted average common shares:
Weighted average common shares		18,173,062		18,294,040		18,154,690		18,306,516
Stock options		409,382		405,207		408,108		451,613
Restricted stock		1,363		9,474		9,281		8,604
Long-term incentive plan		173		—		4,326		—
Diluted weighted average common shares		18,583,980		18,708,721		18,576,405		18,766,733
Diluted earnings per common share	$	0.38	$	0.26	$	1.08	$	0.86