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Earnings per share
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings per share
Earnings per Share.
 
Basic earnings per share are computed based upon the weighted average number of shares outstanding and diluted earnings per share are computed based upon the weighted average number of shares and dilutive share equivalents (consisting of incentive stock options, non-qualified stock options, restricted stock units, restricted stock awards and employee stock purchase plan contributions) outstanding during the periods using the treasury stock method.
 
The following is a reconciliation of the shares used to compute basic and diluted earnings per share (in thousands):
 
 
 
Year Ended December 31,
 
 
2012
 
2011
 
2010
Weighted average number of common shares
 
46,739

 
36,876

 
36,429

Dilutive effect of stock-based awards
 
1,087

 
882

 
621

Number of shares used to compute diluted earnings per share
 
47,826

 
37,758

 
37,050


 
The following table presents the weighted average share equivalents outstanding during each period that were excluded from the computation of diluted earnings per share because the exercise price for these options was greater than the average market price of the Company’s shares of common stock during the respective periods. Also excluded from the computation of diluted earnings per share were other share equivalents that became anti-dilutive when applying the treasury stock method.
 
 
 
Year Ended December 31,
 
 
2012
 
2011
 
2010
Anti-dilutive common share equivalents outstanding
 
83

 
1,039

 
1,339