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Earnings Per Share
3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [TextBlock]

NOTE B Earnings Per Share

Basic earnings per share is calculated by dividing net earnings by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated similarly but includes potential dilution from the exercise of stock options and stock awards, except when the effect would be anti-dilutive.

 

The computation of basic and diluted earnings per common share is as follows (in thousands, except per share data):

 

   Three Months Ended
   March 31,
   2012  2011
BASIC      
Weighted average number of common shares outstanding      
used in computing basic earnings per share   45,460   44,820
       
Net income attributable to common stockholders $ 4,871 $ 19,684
       
Earnings per share attributable to common stockholders $ 0.11 $ 0.44
       
DILUTED      
Weighted average number of common shares outstanding      
used in computing basic earnings per share   45,460   44,820
Add: Assumed exercise of stock options and stock awards   1,475   1,860
    46,935   46,680
       
Net income attributable to common stockholders $ 4,871 $ 19,684
       
Earnings per share attributable to common stockholders $ 0.10 $ 0.42