Earnings Per Share

3 Months Ended

Mar. 31, 2014

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. 1,212 potentially dilutive shares were excluded from the diluted earnings per shares calculation for the three months ended March 31, 2013.

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

		Three Months Ended
		March 31,
		2014		2013
BASIC
Weighted average number of common shares outstanding
used in computing basic earnings per share		46,699		46,021
Net income (loss) attributable to common stockholders	$	10,202	$	(1,926)
Earnings (loss) per share attributable to common stockholders	$	0.22	$	(0.04)
DILUTED
Weighted average number of common shares outstanding
used in computing basic earnings per share		46,699		46,021
Add: Assumed exercise of stock options and stock awards		1,297		-
		47,996		46,021
Net income (loss) attributable to common stockholders	$	10,202	$	(1,926)
Earnings (loss) per share attributable to common stockholders	$	0.21	$	(0.04)