NET INCOME PER COMMON SHARE

9 Months Ended

Sep. 30, 2012

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)	2012		2011		2012		2011
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Net income	$	17,344	$	15,412	$	42,285	$	37,056
Shares of common stock outstanding used to compute basic per common share amounts	34,362,757		33,571,967		34,224,756		33,477,951
Effect of dilutive restricted stock and options (1)	639,594		775,248		592,924		737,154
Shares used to compute dilutive per common share amounts	35,002,351		34,347,215		34,817,680		34,215,105
Basic income per share	$	0.50	$	0.46	$	1.24	$	1.11
Diluted income per share	$	0.50	$	0.45	$	1.21	$	1.08

(1) There were no anti-dilutive options for the three or nine months ended September 30, 2012 and 2011.