Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

6)	Earnings Per Share
	Basic earnings per common share is computed by dividing net earnings by the weighted average number of shares of common stock outstanding during the period presented. Diluted earnings per share is computed by including the net increase in shares as if dilutive outstanding stock options were exercised, using the treasury stock method.
	The following schedule contains the data used in the calculation of basic and diluted earnings per share:

	Three Months				Six Months
	ended June 30,				ended June 30,
	2011		2010		2011		2010
Net earnings available to common stockholders, basic and diluted	$	11,886,000		13,222,000		22,171,000		23,292,000
Average outstanding shares — basic		71,915,073		71,913,102		71,915,073		67,363,476
Add: dilutive stock options		—		1,792		—		901
Average outstanding shares — diluted		71,915,073		71,914,894		71,915,073		67,364,377
Basic earnings per share	$	0.17		0.19		0.31		0.35
Diluted earnings per share	$	0.17		0.19		0.31		0.35

There were 1,641,528 and 2,285,661 stock options excluded from the diluted average outstanding share calculation for the six months ended June 30, 2011 and 2010, respectively, due to the option exercise price exceeding the market price.