EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2011

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE R – EARNINGS PER SHARE

The calculation of basic and diluted earnings per share is as follows (Amounts in thousands except share data):

			Year Ended  December 31,
			2011	2010	2009
Numerator:
	Net Income  – Basic		$31,549	$15,302	$42,221
	Net Income - Diluted		$31,549	$15,302	$42,221
Denominator:
	Weighted Average  Shares of Common Stock Outstanding:
		Basic	7,131,820	7,158,439	7,224,748
		Plus:
		Effect of dilutive restrictive stock	44,827	72,739	57,371
		Diluted	7,176,647	7,231,178	7,282,119
Basic and Diluted Earnings Per Common Share:
	Net Income -Basic		$4.42	$2.14	$5.84
	Net Income -Diluted		$4.40	$2.12	$5.80