Calculation of Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Calculation of Earnings Per Share

	Three Months				Nine Months
For the Periods Ended September 30,	2013		2012		2013		2012
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Net Income	$	3,879	$	3,219	$	23,104	$	19,006
Weighted average shares outstanding	9,625,435		9,592,417		9,616,269		9,583,316
Basic Earnings Per Share	$	0.40	$	0.34	$	2.40	$	1.98
Calculation of Diluted Earnings Per Share:
Reconciliation of Numerator:
Net Income	$	3,879	$	3,219	$	23,104	$	19,006
Effect of 8.25% Convertible debentures	11		13		33		41
Adjusted numerator—Diluted	$	3,890	$	3,232	$	23,137	$	19,047
Reconciliation of Denominator:
Weighted shares outstanding—Basic	9,625,435		9,592,417		9,616,269		9,583,316
Effect of dilutive securities:
Share-based Compensation	26,123		23,770		23,888		22,684
8.25% Convertible debentures	50,776		60,471		52,154		67,681
Adjusted denominator—Diluted	9,702,334		9,676,658		9,692,311		9,673,681
Diluted Earnings Per Share	$	0.40	$	0.33	$	2.39	$	1.97