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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
Basic earnings per share (“EPS”) is computed based on the weighted-average number of shares of common stock outstanding. Diluted EPS is computed based on the weighted-average number of shares of common stock outstanding plus common stock equivalents assuming exercise of stock options, where dilutive. There were no options to purchase shares outstanding during the three and six month periods ended June 30, 2011, and options to purchase 79,000 and 191,000 shares were outstanding during the three and six month periods ended June 30, 2010, respectively. These options were excluded from the calculation of diluted EPS for the periods then ended because the options’ exercise price was greater than the average market price of the common shares. The following is a calculation of basic and diluted earnings per share and weighted-average shares outstanding (in thousands, except per share amounts):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2011
 
2010
 
2011
 
2010
Income from continuing operations—basic and diluted
$
7,742


 
$
3,688


 
$
14,329


 
$
6,989


 
 
 
 
 
 
 
 
Weighted-average shares outstanding—basic
66,210


 
62,665


 
65,778


 
62,478


Add shares issuable upon exercise of stock options
4,307


 
4,965


 
4,630


 
4,870


Weighted-average shares outstanding—diluted
70,517


 
67,630


 
70,408


 
67,348


 
 
 
 
 
 
 
 
Basic earnings per share
$
0.12


 
$
0.06


 
$
0.22


 
$
0.11


Diluted earnings per share
$
0.11


 
$
0.05


 
$
0.20


 
$
0.10