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Note 5: Earnings Per Share
 3 Months Ended
Mar. 31, 2013
Notes  
Note 5: Earnings Per Share

NOTE 5: EARNINGS PER SHARE

 

 

 

Three Months Ended March 31,

 

2013

 

2012

(In Thousands, Except

 

Per Share Data)

 

Basic:

 

 

 

Average shares outstanding

13,605

 

13,491

Net income available to common shareholders

$8,249

 

$7,353

Per share amount

$0.61

 

$0.54

Income from continuing operations available to common shareholders

$8,249

 

$6,993

Per share amount

$0.61

 

$0.52

Income from discontinued operations available to common shareholders

$0

 

$359

Per share amount

$0.00

 

$0.02

 

 

 

 

Diluted:

 

 

 

Average shares outstanding

13,605

 

13,491

Net effect of dilutive stock options and warrants – based on the treasury

 

 

 

stock method using average market price

46

 

62

Diluted shares

13,651

 

13,553

Net income available to common shareholders

$8,249

 

$7,353

Per share amount

$0.60

 

$0.54

Income from continuing operations available to common shareholders

$8,249

 

$6,993

Per share amount

$0.60

 

$0.52

Income from discontinued operations available to common shareholders

$0

 

$359

Per share amount

$0.00

 

$0.02

 

 

Options to purchase 479,251 and 465,067 shares of common stock were outstanding at March 31, 2013 and 2012, respectively, but were not included in the computation of diluted earnings per share for each three-month period because the options’ exercise prices were greater than the average market prices of the common shares for the three months ended March 31, 2013 and 2012, respectively.