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Earnings Per Share
9 Months Ended
Sep. 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
Ended September 30
Nine Months
Ended September 30
(In Thousands) 2012 2011 2012 2011
Weighted average shares outstanding used
to compute basic earnings per share
32,052 31,952 32,038 31,918
Incremental dilutive shares attributable to stock
options and restricted stock
49 108 160 257
Shares used to compute diluted earnings
per share
32,101 32,060 32,198 32,175

 

 

     Incremental shares attributable to stock options and restricted stock are computed using the average market price during the related period. During the three and nine months ended September 30, 2012 and the three and nine months ended September 30, 2011, 1,023,733, 692,600693,183 and 335,939, 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.