Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Interest and income taxes paid were as follows:


	2012		2011		2010
(Amounts in thousands)
Interest	$	19,656	$	22,857	$	30,609
Income Taxes		10,388		8,500		5,300

Progression of Goodwill and Intangible Assets for Continuing Operations

The progression of the Company’s goodwill and intangible assets for continuing operations for the three years ended December 31, 2012, is detailed in the following table:


(Amounts in thousands)	Goodwill			Other Intangible Assets
Balance at December 31, 2009	$	84,648		$	6,413
Acquisitions and dispositions, net		1,305			344
Amortization		—			(1,032	)
Impairment		(1,039	)		—

Balance at December 31, 2010	$	84,914		$	5,725

Acquisitions and dispositions, net		(619	)		(379	)
Amortization		—			(1,020	)
Impairment		(1,239	)		—

Balance at December 31, 2011	$	83,056		$	4,326

Acquisitions and dispositions, net		21,810			—
Amortization		—			(804	)

Balance at December 31, 2012	$	104,866		$	3,522

Calculation for Basic and Diluted Earnings per Common Share

The calculation for basic and diluted earnings per common share follows:


	2012		2011		2010
(Amounts in thousands, except share and per share data)
Net income	$	28,577	$	20,028	$	21,847
Dividends on preferred stock		1,058		703		—

Net income available to common shareholders	$	27,519	$	19,325	$	21,847

Weighted average common shares outstanding, basic		19,127,065		17,877,421		17,802,009
Diluted shares for stock options		68,485		5,293		12,463
Contingently issuable shares		—		—		8,472
Convertible preferred shares		1,285,848		808,367		—

Weighted average common shares outstanding, diluted		20,481,398		18,691,081		17,822,944


Basic earnings per common share	$	1.44	$	1.08	$	1.23
Diluted earnings per common share	$	1.40	$	1.07	$	1.23

Options and Warrants to Purchase Company's Common Stock

The following outstanding options and warrants to purchase Common Stock were excluded from the calculation of diluted earnings per share because the exercise price was greater than the market value of the Common Stock, which would result in an antidilutive effect on diluted earnings per share:


	2012		2011		2010
Options		425,709		395,633		395,285
Warrants		—		—		88,273