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Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 11.  Earnings Per Share

The following are reconciliations of the earnings available to common stockholders and the shares used in calculating basic and dilutive net earnings per common share (in thousands, except per share data):

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2011				2010				2011				2010
Basic Net Earnings per Common Shares:
Earnings from continuing operations		$	13,693			$	8,061			$	20,704			$	10,928
Loss from discontinued operations			(355	)			(372	)			(659	)			(868	)
Net earnings available to common stockholders		$	13,338			$	7,689			$	20,045			$	10,060
Weighted average common shares outstanding			22,867				22,571				22,787				22,493
Net earnings from continuing operations per common share		$	0.60			$	0.36			$	0.91			$	0.49
Loss from discontinued operations per common share			(0.02	)			(0.02	)			(0.03	)			(0.04	)
Basic net earnings per common share		$	0.58			$	0.34			$	0.88			$	0.45
Diluted Net Earnings per Common Share:
Earnings from continuing operations		$	13,693			$	8,061			$	20,704			$	10,928
Interest income on debenture conversions (net of income tax expense)			40				277				317				–
Earnings from continuing operations plus assumed conversions			13,733				8,338				21,021				10,928
Loss from discontinued operations			(355	)			(372	)			(659	)			(868	)
Net earnings available to common stockholders plus assumed conversions		$	13,378			$	7,966			$	20,362			$	10,060
Weighted average common shares outstanding			22,867				22,571				22,787				22,493
Plus incremental shares from assumed conversions:
Dilutive effect of restricted stock and performance stock			189				139				167				92
Dilutive effect of stock options			14				–				13				–
Dilutive effect of convertible debentures			126				820				471				–
Weighted average common shares outstanding – Diluted			23,196				23,530				23,438				22,585
Net earnings from continuing operations per common share		$	0.59			$	0.35			$	0.90			$	0.48
Loss from discontinued operations per common share			(0.01	)			(0.01	)			(0.03	)			(0.03	)
Diluted net earnings per common share		$	0.58			$	0.34			$	0.87			$	0.45

The shares listed below were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented or because they were excluded under the treasury method (in thousands):

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2011				2010				2011				2010
Stock options			235				317				236				317
Restricted shares			153				61				159				108
15% convertible subordinated debentures			–				–				–				820

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

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