NET INCOME PER COMMON SHARE

6 Months Ended

Jun. 30, 2011

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE

NOTE I — NET INCOME PER COMMON SHARE

Basic per common share amounts are computed using the weighted average number of common shares outstanding during the year. Diluted per common share amounts are computed using the weighted average number of common shares outstanding during the year and dilutive potential common shares. Dilutive potential common shares consist of stock options and restricted shares and are calculated using the treasury stock method.

Net income per share is computed as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands, except share and per share data)	2011		2010		2011		2010
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Net income	$	15,431	$	9,762	$	21,644	$	13,764
Shares of common stock outstanding used to compute basic per common share amounts	33,499,268		32,032,265		33,429,502		31,957,007
Effect of dilutive restricted stock and options (1)	866,127		799,045		855,011		793,866
Shares used to compute dilutive per common share amounts	34,365,395		32,831,310		34,284,513		32,750,873
Basic income per share	$	0.46	$	0.30	$	0.65	$	0.43
Diluted income per share	$	0.45	$	0.30	$	0.63	$	0.42

(1) There were no anti-dilutive options for the three or six months ended June 30, 2011 and 2010.