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Earnings per Common Share
12 Months Ended
Dec. 31, 2012
Earnings per Common Share [Abstract]  
Earnings per Common Share

Note 10 – Earnings per Common Share

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of unexercised common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of unexercised common stock equivalents to the extent they are not anti-dilutive. A reconciliation of the shares included in the basic and fully diluted earnings per share calculations is as follows:

 

                         
    For the years ended December 31,  
    2012     2011     2010  

Net income-continuing operations

  $ 16,229     $ 24,251     $ 10,806  

Net (loss)-discontinued operations

    (630     (6,118     0  
   

 

 

   

 

 

   

 

 

 

Net income

  $ 15,599     $ 18,133     $ 10,806  
   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding

                       

Basic

    38,068       37,555       37,413  

Incremental shares with dilutive effect:

                       

Stock options

    422       824       778  

Restricted stock awards

    187       189       50  
   

 

 

   

 

 

   

 

 

 

Diluted

    38,677       38,568       38,241  
   

 

 

   

 

 

   

 

 

 

Basic income (loss) per share

                       

Continuing Operations

  $ 0.43     $ 0.65     $ 0.29  

Discontinued Operations

    (0.02     (0.16     0.00  
   

 

 

   

 

 

   

 

 

 

Total Net income per share

  $ 0.41     $ 0.48     $ 0.29  
   

 

 

   

 

 

   

 

 

 

Diluted income (loss) per share

                       

Continuing Operations

  $ 0.42     $ 0.63     $ 0.28  

Discontinued Operations

    (0.02     (0.16     0.00  
   

 

 

   

 

 

   

 

 

 

Total Net income per share

  $ 0.40     $ 0.47     $ 0.28