Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share

Earnings Per Share

Note I - Earnings Per Share

Basic earnings per share is computed on the basis of the weighted average number of shares of common stock outstanding during the period.  Diluted earnings per share is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method.  Dilutive potential common shares include outstanding stock options and non-vested shares.

Reconciliations of basic and diluted earnings per share (EPS) are as follows:

	Three Months Ended March 31,
In thousands, except per share amounts	2013		2012
Net Income
Income from continuing operations	$	6,667	$	7,435
Loss from discontinued operations	0		(642		)
Net income	$	6,667	$	6,793
Basic EPS
Weighted-average common shares outstanding used in earnings per share computations	62,471		62,910
Basic earnings (loss) per share
Continuing operations	$	0.11	$	0.12
Discontinued operations	0.00		(0.01		)
Net income	$	0.11	$	0.11
Diluted EPS
Shares used in diluted earnings per share computations	62,669		63,273
Diluted earnings per common share
Continuing operations	$	0.11	$	0.12
Discontinued operations	0.00		(0.01		)
Net income	$	0.11	$	0.11
Computation of Shares Used in Earnings Per Share Computations
Weighted-average common shares outstanding	62,471		62,910
Weighted-average common equivalent shares - dilutive effect of stock options and awards	198		363
Shares used in diluted earnings per share computations	62,669		63,273

4.4 million and 5.1 million anti-dilutive market price options have been excluded from the calculation of shares used in the diluted EPS calculation for the three months ended March 31, 2013 and 2012, respectively.  0.4 million and 0.2 million anti-dilutive non-vested shares have been excluded from the calculation of shares used in the diluted EPS calculation for the three months ended March 31, 2013 and 2012, respectively.