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Note 2 - Earnings Per Share
3 Months Ended
Sep. 30, 2011
Basic income per share: 
Earnings Per Share [Text Block]

 

Note 2 - Earnings Per Share

 

The following table sets forth the computation of basic and diluted earnings per share (unaudited, in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2011

 

2010

 

2011

 

2010

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations for calculating

 

 

 

 

 

 

 

 

 

 

 

 

 

 basic and diluted earnings per share

$

18,284

 

$

13,230

 

$

49,393

 

$

33,622

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from discontinued operations

 

149

 

 

1,007

 

 

6,934

 

 

4,480

 

Net income for calculating basic and diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

earnings per share

$

18,433

 

$

14,237

 

$

56,327

 

$

38,102

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares for calculating

 

 

 

 

 

 

 

 

 

 

 

 

 

basic earnings per share

 

30,348

 

 

30,253

 

 

30,915

 

 

30,118

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options, warrants and restricted stock

 

847

 

 

788

 

 

798

 

 

737

 

Weighted-average common shares for calculating

 

 

 

 

 

 

 

 

 

 

 

 

 

diluted earnings per share

 

31,195

 

 

31,041

 

 

31,713

 

 

30,855

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations (basic)

$

0.60

 

$

0.44

 

$

1.60

 

$

1.12

 

Income from discontinued operations (basic)

 

-

 

 

0.03

 

 

0.22

 

 

0.15

 

Net income per basic share

$

0.60

 

$

0.47

 

$

1.82

 

$

1.27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations (diluted)

$

0.59

 

$

0.43

 

$

1.56

 

$

1.09

 

Income from discontinued operations (diluted)

 

-

 

 

0.03

 

 

0.22

 

 

0.14

 

Net income per diluted share

$

0.59

 

$

0.46

 

$

1.78

 

$

1.23