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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Common Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30,

 

September 30,

 

 

2012

 

2011

 

2012

 

2011

 

 

In thousands, except per share data

Numerator for basic and diluted earnings per common share -

 

 

 

 

 

 

 

 

Income available to common stockholders:

 

 

 

 

 

 

 

 

Income from continuing operations

$

8,464 

$

9,351 

$

8,122 

$

16,250 

(Loss) income from discontinued operations

 

(239)

 

389 

 

1,402 

 

541 

Net income

$

8,225 

$

9,740 

$

9,524 

$

16,791 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares

 

10,141 

 

10,185 

 

10,117 

 

10,257 

Denominator for basic earnings per common share

 

10,141 

 

10,185 

 

10,117 

 

10,257 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Employee stock options

 

15 

 

26 

 

16 

 

31 

Other stock compensation plans

 

50 

 

83 

 

78 

 

78 

Dilutive potential common shares

 

65 

 

109 

 

94 

 

109 

Denominator for diluted earnings per common share -

 

 

 

 

 

 

 

 

adjusted weighted average shares and assumed conversions

 

10,206 

 

10,294 

 

10,211 

 

10,366 

Basic (loss) earnings per share:

 

 

 

 

 

 

 

 

Continuing operations

$

0.83 

$

0.92 

$

0.80 

$

1.58 

Discontinued operations

 

(0.02)

 

0.04 

 

0.14 

 

0.05 

Basic earnings per common share

$

0.81 

$

0.96 

$

0.94 

$

1.64 

Diluted (loss) earnings per share:

 

 

 

 

 

 

 

 

Continuing operations

$

0.83 

$

0.91 

$

0.80 

$

1.57 

Discontinued operations

 

(0.02)

 

0.04 

 

0.14 

 

0.05 

Diluted earnings per common share

$

0.81 

$

0.95 

$

0.93 

$

1.62 

 

 

 

 

 

 

 

 

 

Dividends paid per common share

$

0.025 

$

0.025 

$

0.075 

$

0.075