NET INCOME PER COMMON SHARE

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
(In thousands, except share and per share data)	2011		2010		2011		2010
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Net income	$	15,412	$	6,924	$	37,056	$	20,689
Shares of common stock outstanding used to compute basic per common share amounts	33,571,967		32,377,237		33,477,951		32,097,084
Effect of dilutive restricted stock and options (1)	775,248		489,250		737,154		687,395
Shares used to compute dilutive per common share amounts	34,347,215		32,866,487		34,215,105		32,784,479
Basic income per share	$	0.46	$	0.21	$	1.11	$	0.64
Diluted income per share	$	0.45	$	0.21	$	1.08	$	0.63

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