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Earnings Per Common Share
 12 Months Ended
Dec. 31, 2012
Earnings Per Common Share [Abstract]  
Earnings Per Common Share

Note 15.

 

Earnings Per Common Share

 

The following table sets forth the computation of basic and diluted earnings per common share for the three years ended December 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

 

In thousands, except per share amounts

Numerator for basic and diluted earnings per common share -

 

 

 

 

 

 

Income available to common stockholders:

 

 

 

 

 

 

Income from continuing operations

$
14,764 

$
22,067 

$
20,006 

Income from discontinued operations

 
1,424 

 
828 

 
486 

Net income

$
16,188 

$
22,895 

$
20,492 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Weighted average shares

 
10,124 

 
10,209 

 
10,219 

Denominator for basic earnings per common share

 
10,124 

 
10,209 

 
10,219 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

Employee stock options

 
16 

 
29 

 
67 

Other stock compensation plans

 
94 

 
74 

 
62 

Dilutive potential common shares

 
110 

 
103 

 
129 

Denominator for diluted earnings per common share -

 

 

 

 

 

 

adjusted weighted average shares and assumed conversions

 
10,234 

 
10,312 

 
10,348 

Basic earnings per share:

 

 

 

 

 

 

Continuing operations

$
1.46 

$
2.16 

$
1.96 

Discontinued operations

 
0.14 

 
0.08 

 
0.05 

Basic earnings per common share

$
1.60 

$
2.24 

$
2.01 

Diluted earnings per share:

 

 

 

 

 

 

Continuing operations

$
1.44 

$
2.14 

$
1.93 

Discontinued operations

 
0.14 

 
0.08 

 
0.05 

Diluted earnings per common share

$
1.58 

$
2.22 

$
1.98 

 

 

 

 

 

 

 

Dividends paid per common share

$
0.10 

$
0.10 

$

 -

 

There were no antidilutive shares in 2012, 2011 and 2010.