Earnings Per Common Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Common Share

11. Earnings Per Common Share

Earnings per common share for all periods have been calculated in conformity with ASC 260, “Earnings Per Share.” This data is based on historical net income and the weighted average number of shares of our common stock outstanding during each period as set forth in the following table:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
	(In thousands)
Shares:
Weighted average number of shares of common stock outstanding		23,414		23,390		23,406		24,405
Shares assumed issued (less shares assumed purchased for treasury) for stock-based compensation		136		139		110		178
Outstanding shares for diluted earnings per share calculation		23,550		23,529		23,516		24,583

A total of approximately 1.6 million shares in the three and six months ended June 30, 2013 and 1.5 million shares in the three and six months ended June 30, 2012 were excluded from the calculation of our diluted earnings per common share, because the effect was anti-dilutive.