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Note 2 - Earnings Per Share
 3 Months Ended
Mar. 31, 2012
Earnings 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 March 31,

 

 

 

 

2012

 

2011

 

Numerator:

 

 

 

 

 

 

 

Income from continuing operations for calculating basic and diluted

 

 

 

 

 

 

 

 

earnings per share

$

17,512

 

$

15,905

 

 

 

 

 

 

 

 

 

 

 

Income from discontinued operations

 

-

 

 

6,651

 

 

Net income for calculating basic and diluted earnings per share

$

17,512

 

$

22,556

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Weighted-average common shares for calculating basic earnings per share

 

29,580

 

 

31,311

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Stock options, warrants and nonvested awards

 

773

 

 

764

 

 

Weighted-average common shares for calculating diluted earnings per share

 

30,353

 

 

32,075

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

Income from continuing operations (basic)

$

0.59

 

$

0.51

 

 

Income from discontinued operations (basic)

 

-

 

 

0.21

 

 

Net income per basic share

$

0.59

 

$

0.72

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

Income from continuing operations (diluted)

$

0.58

 

$

0.50

 

 

Income from discontinued operations (diluted)

 

-

 

 

0.20

 

 

Net income per diluted share

$

0.58

 

$

0.70