Earnings Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share

Note 7- Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share, for the periods indicated:

(In thousands, except per share amounts)	Three Months Ended				Six Months Ended
	June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
Numerator:
Income (loss)	$	6,455	$	13,432	$	4,754	$	24,497
Denominator:
Denominator for basic earnings per share -
Weighted-average shares		16,309		15,945		16,271		15,919
Effect of dilutive stock options		555		733		572		685
Denominator for diluted earnings per share - Adjusted
weighted-average shares and assumed conversions		16,864		16,678		16,843		16,604
Basic income (loss) per share:	$	0.40	$	0.84	$	0.29	$	1.54
Diluted income (loss) per share:		0.38		0.81		0.28		1.48

Certain potential ordinary shares were excluded from the calculation of diluted weighted-average shares outstanding because they would have an anti-dilutive effect on net income per share (see table below).

	Three Months Ended
	June 30, 2012		June 30, 2011
Anti-dilutive shares excluded		932,104		722,903