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Earnings Per Share
6 Months Ended
Jun. 30, 2012
Earnings Per Share  
Earnings Per Share

Note 7.  Earnings Per Share

 

There were no adjustments to net income, the numerator, for purposes of computing earnings per share. The following is a reconciliation of the weighted average number of common shares outstanding for computing diluted earnings per share and antidilutive stock options and restricted stock outstanding for the three and six months ended June 30, 2012 and 2011:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

 

2012

 

2011

 

 

2012

 

2011

Denominator for Basic Earnings Per Share

 

45,221,293

 

47,428,718

 

 

45,465,910

 

47,638,752

Dilutive Effect of Stock Options

 

106,502

 

166,670

 

 

123,706

 

179,837

Dilutive Effect of Restricted Stock

 

19,573

 

12,426

 

 

20,873

 

19,189

Denominator for Diluted Earnings Per Share

 

45,347,368

 

47,607,814

 

 

45,610,489

 

47,837,778

 

 

 

 

 

 

 

 

 

 

Antidilutive Shares Outstanding

 

537,383

 

217,209

 

 

537,383

 

217,209