Net Income Per Share

9 Months Ended

Sep. 30, 2012

Net income per common share:

Net Income Per Share

10.         NET INCOME PER SHARE

Basic net income per share has been computed by dividing net income by the basic number of weighted average shares outstanding.  Diluted net income per share has been computed by dividing net income by the diluted number of weighted average shares outstanding using the treasury stock method.  The share effect is as follows:

(In thousands)	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2012		2011		2012		2011
Weighted average shares outstanding:
Common shares		24,337		25,605		25,074		25,991
Vested restricted stock units		571		428		555		406
Basic number of weighted average shares outstanding		24,908		26,033		25,629		26,397
Dilutive effect of stock options		46		70		50		116
Dilutive effect of restricted stock and restricted stock units		8		33		27		60
Dilutive number of weighted average shares outstanding		24,962		26,136		25,706		26,573

For the three and nine months ended September 30, 2012 and 2011, there were no stock options, restricted stock or restricted stock units that would have been anti-dilutive.