Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 6.                 Earnings Per Share

Basic earnings per share excludes dilution and is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity (such as the Company's dilutive stock options and restricted stock units).

The following is a reconciliation of basic and diluted earnings per share for the periods presented in the consolidated statements of income.

Three months ended March 31,	2013		2012
(in thousands, except per share data)
Basic EPS:
Weighted average common shares outstanding		36,410		33,063
Net income available to common shareholders		7,649		13,650
Basic EPS	$	0.21	$	0.41
Diluted EPS:
Weighted average common shares outstanding		36,410		33,063
Dilutive effect of common stock options and restricted stock		384		379
Weighted average common shares and common
share equivalents		36,794		33,442
Net income available to common shareholders		7,649		13,650
Diluted EPS	$	0.21	$	0.41

There were 1,171,825 stock options for the quarter ended March 31, 2013 and 810,088 stock options for the quarter ended March 31, 2012 that were not considered in the calculation of diluted earnings per share since the stock options' exercise price was greater than the average market price during these periods.