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Earnings Per Share
12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share

Note 14. Earnings per Share

The following table provides a reconciliation of the numerators and denominators of basic and diluted earnings per share ("EPS") of net income:

 

2011

 

Income

 

Shares

 

Per Share    

($ in thousands, except per share amounts)

 

(Numerator)

 

(Denominator)

 

Amount

Basic EPS:

 

 

 

 

 

 

Net income from continuing operations

$

20,515 

 

54,095

$

0.38 

Net loss on disposal of discontinued operations

 

(650)

 

54,095

 

(0.01)

Net income available to common stockholders

$

19,865 

 

54,095

$

0.37 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

Stock compensation plan

 

 

1,126

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

Net income from continuing operations

$

20,515 

 

55,221

$

0.37 

Net loss on disposal of discontinued operations

 

(650)

 

55,221

 

(0.01)

Net income available to common stockholders

$

19,865 

 

55,221

$

0.36 

 

2010

 

Income

 

Shares

 

Per Share    

($ in thousands, except per share amounts)

 

(Numerator)

 

(Denominator)

 

Amount

Basic EPS:

 

 

 

 

 

 

Net income from continuing operations

$

69,321 

 

53,359

$

1.30 

Net loss on disposal of discontinued operations

 

(3,780)

 

53,359

 

(0.07)

Net income available to common stockholders

$

65,541 

 

53,359

$

1.23 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

Stock compensation plan

 

 

1,145

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

Net income from continuing operations

$

69,321 

 

54,504

$

1.27 

Net loss on disposal of discontinued operations

 

(3,780)

 

54,504

 

(0.07)

Net income available to common stockholders

$

65,541 

 

54,504

$

1.20 

 

2009

 

Income

 

Shares

 

Per Share

($ in thousands, except per share amounts)

 

(Numerator)

 

(Denominator)

 

Amount

Basic EPS:

 

 

 

 

 

 

Net income from continuing operations

$

44,658 

 

52,630

$

0.84 

Net loss from discontinued operations

 

(7,086)

 

52,630

 

(0.13)

Net loss on disposal of discontinued operations

 

(1,174)

 

52,630

 

(0.02)

Net income available to common stockholders

$

36,398 

 

52,630

$

0.69 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

Stock compensation plan

 

 

767

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

Net income from continuing operations

$

44,658 

 

53,397

$

0.83 

Net loss from discontinued operations

 

(7,086)

 

53,397

 

(0.13)

Net loss on disposal of discontinued operations

 

(1,174)

 

53,397

 

(0.02)

Net income available to common stockholders

$

36,398 

 

53,397

$

0.68