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Calculation of Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2012

Calculation of Earnings Per Share [Abstract]

Calculation of Earnings Per Share


		Three Months								Six Months
For the Periods Ended June 30,		2012				2011				2012				2011
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Net Income		$	5,060			$	3,520			$	15,787			$	17,267
Weighted average shares outstanding			9,586,159				9,557,707				9,578,715				9,546,606

Basic Earnings Per Share		$	0.53			$	0.37			$	1.65			$	1.81

Calculation of Diluted Earnings Per Share:
Reconciliation of Numerator:
Net Income		$	5,060			$	3,520			$	15,787			$	17,267
Effect of 8.25% Convertible debentures			13				15				27				31

Adjusted numerator — Diluted		$	5,073			$	3,535			$	15,814			$	17,298

Reconciliation of Denominator:
Weighted shares outstanding — Basic			9,586,159				9,557,707				9,578,715				9,546,606
Effect of dilutive securities:
Share-based Compensation			32,380				20,699				31,162				21,958
8.25% Convertible debentures			63,058				72,481				64,363				73,810

Adjusted denominator — Diluted			9,681,597				9,650,887				9,674,240				9,642,374

Diluted Earnings Per Share		$	0.52			$	0.37			$	1.63			$	1.79