Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

Earnings Per Share

Note F – 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.

A reconciliation of basic and diluted earnings per share (EPS) is as follows:

	Three Months Ended June 30,
In thousands, except per share amounts	2011		2010
BASIC EPS
Net Income	$	9,425	$	13,416
Weighted-average common shares outstanding used in earnings per share computations		63,371		63,616
Earnings per common share	$	0.15	$	0.21
DILUTED EPS
Net Income	$	9,425	$	13,416
Shares used in diluted earnings per share computations		63,703		64,183
Earnings per common share	$	0.15	$	0.21
Computation of shares used in earnings per share computations:
Weighted-average outstanding common shares		63,371		63,616
Weighted-average common equivalent shares - dilutive effect of stock options and awards		332		567
Shares used in diluted earnings per share computations		63,703		64,183

5.5 million and 6.2 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 June 30, 2011 and 2010, respectively.

	Six Months Ended June 30,
In thousands, except per share amounts	2011		2010
BASIC EPS
Net Income	$	17,342	$	24,185
Weighted-average common shares outstanding used in earnings per share computations		63,538		63,607
Earnings per common share	$	0.27	$	0.38
DILUTED EPS
Net Income	$	17,342	$	24,185
Shares used in diluted earnings per share computations		63,974		64,141
Earnings per common share	$	0.27	$	0.38
Computation of shares used in earnings per share computations:
Weighted-average outstanding common shares		63,538		63,607
Weighted-average common equivalent shares - dilutive effect of stock options and awards		436		534
Shares used in diluted earnings per share computations		63,974		64,141

5.6 million and 6.0 million anti-dilutive market price options have been excluded from the calculation of shares used in the diluted EPS calculation for the six months ended June 30, 2011 and 2010, respectively.