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Earnings Per Share
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The calculation of basic and diluted earnings per common share follows (in thousands, except per share amounts):
 
December 31
 
2012
 
2011
 
2010
Earnings from continuing operations
$
41,648

 
$
23,865

 
$
39,904

Weighted-average shares outstanding for basic earnings per share
63,461

 
63,284

 
62,807

Common equivalent shares:
 
 
 
 
 
Effect of stock-based compensation awards
959

 
801

 
1,202

Weighted-average shares outstanding assuming dilution
64,420

 
64,085

 
64,009

Basic earnings per share from continuing operations
$
0.66

 
$
0.38

 
$
0.64

Diluted earnings per share from continuing operations
$
0.65

 
$
0.37

 
$
0.62


Basic weighted average shares outstanding for purposes of basic earnings per share are less than the shares outstanding due to 370,400 shares, 584,700 shares and 564,100 shares of restricted stock for 2012, 2011 and 2010, respectively, which are accounted for as part of diluted weighted average shares outstanding in diluted earnings per share. The number of equivalent shares that were not included in weighted average shares outstanding assuming dilution, because their effect would have been anti-dilutive, was 229,000, 176,000 and 9,000 at December 31, 2012, 2011 and 2010, respectively.