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NET EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2012
NET EARNINGS PER SHARE [Abstract]  
NET EARNINGS PER SHARE
NOTE 6 - NET EARNINGS PER SHARE

The following presents a reconciliation of the net earnings and shares used in calculating basic and diluted net earnings per share:

 
 
Three months ended June 30, 2012
 
Net Earnings
(Numerator)
 
 
Number of Shares
(Denominator)
 
 
Per Share Amount
 
Basic EPS - Net earnings and weighted average common shares outstanding
 
$
 9,972
 
 
 
 28,956,523
 
 
$
 .34
 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of dilutive securities - stock options and restricted stock
 
 
 
 
 
 
1,316,409
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS - Net earnings and weighted average common shares outstanding and effect of stock options and restricted stock
 
$
 9,972
 
 
 
 30,272,932
 
 
$
 .33
 
 
 
 
Three months ended June 30, 2011
 
Net Earnings
(Numerator)
 
 
Number of Shares
(Denominator)
 
 
Per Share Amount
 
Basic EPS - Net earnings and weighted average common shares outstanding
 
$
 9,572
 
 
 
 28,544,898
 
 
$
 .34
 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of dilutive securities - stock options and restricted stock
 
 
 
 
 
 
1,687,594
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS - Net earnings and weighted average common shares outstanding and effect of stock options and restricted stock
 
$
 9,572
 
 
 
 30,232,492
 
 
$
 .32
 

 
 
Six months ended June 30, 2012
 
Net Earnings
(Numerator)
 
 
Number of Shares
(Denominator)
 
 
Per Share Amount
 
Basic EPS - Net earnings and weighted average common shares outstanding
 
$
 19,240
 
 
 
 28,940,875
 
 
$
 .66
 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of dilutive securities - stock options and restricted stock
 
 
 
 
 
 
1,354,177
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS - Net earnings and weighted average common shares outstanding and effect of stock options and restricted stock
 
$
 19,240
 
 
 
 30,295,052
 
 
$
 .64
 
 
 
 
Six months ended June 30, 2011
 
Net Earnings
(Numerator)
 
 
Number of Shares
(Denominator)
 
 
Per Share Amount
 
Basic EPS - Net earnings and weighted average common shares outstanding
 
$
 18,484
 
 
 
 28,488,327
 
 
$
 .65
 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of dilutive securities - stock options and restricted stock
 
 
 
 
 
 
1,673,735
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS - Net earnings and weighted average common shares outstanding and effect of stock options and restricted stock
 
$
 18,484
 
 
 
 30,162,062
 
 
$
 .61
 

The Company had stock options covering 519,455 and 283,100 shares at June 30, 2012 and 2011, respectively, that could potentially dilute basic earnings per share in future periods that were not included in diluted earnings per share because their effect on the period presented was anti-dilutive.

The Company has some share-based payment awards that have non-forfeitable dividend rights. These awards are restricted shares and they participate on a one-for-one basis with holders of common stock. These awards have an immaterial impact as participating securities with regard to the calculation using the two-class method for determining earnings per share.