Earnings Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Note G – 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 March 31,
In thousands, except per share amounts	2012		2011
BASIC EPS
Net Income	$	6,793	$	7,917
Weighted-average common shares outstanding used in earnings per share computations		62,910		63,705
Earnings per common share	$	0.11	$	0.12
DILUTED EPS
Net Income	$	6,793	$	7,917
Shares used in diluted earnings per share computations		63,273		64,244
Earnings per common share	$	0.11	$	0.12
Computation of shares used in earnings per share computations:
Weighted-average outstanding common shares		62,910		63,705
Weighted-average common equivalent shares - dilutive effect of stock options and awards		363		539
Shares used in diluted earnings per share computations		63,273		64,244

5.1 million and 5.6 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, 2012 and 2011, respectively. 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, 2012. There were no anti-dilutive non-vested shares outstanding for the three months ended March 31, 2011.