Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

Earnings Per Share

((6) Earnings Per Share

The following table details the reconciliation of basic earnings per share to diluted earnings per share:

		Three months ended				Six months ended
		June 30,				June 30,
		2011	2010			2011	2010
Numerator for basic and diluted earnings per share:
Net income	$	5,624	$	6,249	$	11,352	$	11,121
Denominator:
Weighted-average basic common shares outstanding		32,005		34,862		31,912		34,815
Assumed conversion of dilutive securities:
Stock options		1,843		1,341		1,738		1,447
Denominator for diluted earnings
per share - Adjusted weighted-average shares		33,848		36,203		33,650		36,262
Earnings per common share:
Basic	$	0.18	$	0.18	$	0.36	$	0.32
Diluted	$	0.17	$	0.17	$	0.34	$	0.31

For the three and six months ended June 30, 2011, stock options representing the right to purchase common stock of approximately562,000 shares and 790,000 shares, respectively, were not included in the computation of diluted earnings per share because theirinclusion would have had an anti-dilutive effect. For the three and six months ended June 30, 2010, stock options representing theright to purchase common stock of approximately 2.4 million shares and 2.3 million shares, respectively, were not included in thecomputation of diluted earnings per share because their inclusion would have had an anti-dilutive effect.