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Earnings Per Share
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

6. Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted average common and potentially dilutive common equivalent shares outstanding, determined as follows:

  Three Months Six Months
  Ended June 30 Ended June 30
(In Thousands) 2012 2011 2012 2011
Weighted average shares outstanding used
to compute basic earnings per share
32,051 31,946 32,031 31,900
Incremental dilutive shares attributable to stock
options and restricted stock
50 259 216 333
Shares used to compute diluted earnings
per share
32,101 32,205 32,247 32,233

 

     Incremental shares attributable to stock options and restricted stock are computed using the average market price during the related period. During the three and six months ended June 30, 2012 and the three and six months ended June 30, 2011, 1,054,067, 527,033235,867 and 157,317, respectively, of average out-of-the-money options to purchase shares were excluded from the calculation of incremental shares attributable to stock options and restricted stock.