The following table is the reconciliation of basic and diluted earnings per share for the years ended December 31, 2010, 2009 and 2008 (dollars in thousands except per share amounts):

		2010				2009				2008

		Basic		Diluted		Basic		Diluted		Basic		Diluted
Net income		$	26,872	$	26,872	$	19,200	$	19,200	$	12,850	$	12,850

Weighted average shares outstanding			58,578,599		58,578,599		58,370,569		58,370,569		57,607,498		57,607,498
Effect of dilutive securities			—		4,586		—		36,898		—		243,908

	Adjusted weighted average shares outstanding		58,578,599		58,583,185		58,370,569		58,407,467		57,607,498		57,851,406

Earning per share		$	0.46	$	0.46	$	0.33	$	0.33	$	0.22	$	0.22