Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 4. EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding during the period. The computation of diluted EPS is similar to the computation of basic EPS except that the numerator is increased to exclude charges that would not have been incurred, and the denominator is increased to include the number of additional common shares that would have been outstanding (using the if-converted and treasury stock methods), if securities containing potentially dilutive common shares (stock options and restricted stock units) had been converted to common shares, and if such assumed conversion is dilutive.

The following is a reconciliation of our weighted-average shares outstanding used in the calculation of basic and diluted earnings per share for the three months and nine months ended September 30, 2011 and 2010, respectively, (in thousands, except per share data):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
Income from continuing operations, net of income taxes	$	7,171	$	17,556	$	39,449	$	33,863
Basic weighted-average shares outstanding		43,535		43,254		43,515		42,711
Assumed exercise of dilutive stock options and restricted stock units		284		595		541		582
Diluted weighted-average shares outstanding		43,819		43,849		44,056		43,293
Income from Continuing Operations:
Earnings per common share:
Basic earnings per share	$	0.16	$	0.41	$	0.91	$	0.79
Diluted earnings per share	$	0.16	$	0.40	$	0.90	$	0.78

The following stock options and restricted stock units were excluded in the computation of diluted earnings per share because they were anti-dilutive (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
Stock options		5,048		3,560		4,270		3,560
Restricted stock units		423		77		4		49