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Note 1: Nature of Operations and Summary of Significant Accounting Policies: Earnings Per Share (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Earnings Per Share

Earnings Per Share

 

Basic earnings per share are computed based on the weighted average number of shares outstanding during each year.  Diluted earnings per share are computed using the weighted average common shares and all potential dilutive common shares outstanding during the period.

 

Earnings per share (EPS) were computed as follows:

 

 

 

2012

2011

2010

(In Thousands, Except Per Share Data)

 

 

 

Net income

$48,706

$30,269

$23,865

 

 

 

 

Net income available to common shareholders

$48,098

$26,259

$20,462

 

 

 

 

Net income from continuing operations

$44,087

$29,657

$23,300

 

 

 

 

Net income from continuing operations available to common shareholders

$43,479

$25,647

$19,897

 

 

 

 

Average common shares outstanding

13,534

13,462

13,434

 

 

 

 

Average common share stock options and warrants outstanding

58

164

612

 

 

 

 

Average diluted common shares

13,592

13,626

14,046

 

 

 

 

Earnings per common share – basic

$3.55

$1.95

$1.52

 

 

 

 

Earnings per common share – diluted

$3.54

$1.93

$1.46

 

 

 

 

Earnings from continuing operations per common share – basic

$3.21

$1.91

$1.48

 

 

 

 

Earnings from continuing operations per common share – diluted

$3.20

$1.89

$1.42

 

 

 

 

Earnings from discontinued operations per common share, net of tax – basic

$0.34

$0.04

$0.04

 

 

 

 

Earnings from discontinued operations per common share, net of tax – diluted

$0.34

$0.04

$0.04

 

 

 

 

 

 

Options to purchase 444,770, 479,098 and 498,674 shares of common stock were outstanding at December 31, 2012, 2011 and 2010, respectively, but were not included in the computation of diluted earnings per share for that year because the options’ exercise price was greater than the average market price of the common shares for the years ended December 31, 2012, 2011 and 2010, respectively.