EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2011

11. EARNINGS PER SHARE

Diluted earnings per share were computed based on the weighted average number of shares outstanding plus all potentially dilutive common shares. A reconciliation of basic to diluted shares used in the earnings per share calculation is as follows:

	(In thousands, except stock options outstanding)
	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2011	2010	2011	2010
Basic weighted average shares outstanding	46,466	45,898	46,328	45,765
Dilutive effect of stock options and deferred stock compensation	470	378	650	488
Diluted weighted average shares outstanding	46,936	46,276	46,978	46,253

As of September 30, 2011 and 2010 there were 2,779,000 and 2,064,000 stock options outstanding, respectively, that could potentially dilute earnings per share in the future, which were excluded from the computation of diluted earnings per share as they would be considered anti-dilutive.