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Common Stock and Earnings Per Share
 6 Months Ended
Jun. 30, 2012
Common Stock and Earnings Per Share [Abstract]  
Common Stock and Earnings per Share

Note 10 – Common Stock and Earnings per Share

In connection with the 2009 Equity Incentive Plan, during the three months ended March 31, 2012, we issued 391 total shares of restricted common stock, 166 shares for awards granted in the first quarter of 2012 and 225 performance shares related to awards granted in prior years.

During the three months ended June 30, 2012, we awarded and issued 71 shares of restricted stock under the 2009 Equity Incentive Plan.

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of unexercised common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of unexercised common stock equivalents to the extent they are not anti-dilutive. The details of the earnings per share calculations for the three and six months ended June 30, 2012 and 2011 follow:

 

                                 
    Three months ended
June 30,		     Six months ended
June 30,		  
    2012     2011     2012     2011  
         

Net income - continuing operations

     7,398       3,339       9,392       6,986  
         

Net (loss) - discontinued operations

     (236 )      (718 )      (319 )      (1,865 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Net income

   $ 7,162     $ 2,621     $ 9,073     $ 5,121  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Weighted average common shares outstanding

                                

Basic

     38,065       37,532       37,928       37,526  

Incremental shares with dilutive effect:

                                

Stock options

     524       950       530       910  

Restricted stock awards

     153       270       139       175  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted

     38,742       38,752       38,597       38,611  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Basic income (loss) per share

                                

Continuing operations

   $ 0.19     $ 0.09     $ 0.25     $ 0.19  

Discontinued operations

     (0.01 )      (0.02 )      (0.01 )      (0.05 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Total net income per share

   $ 0.18     $ 0.07     $ 0.24     $ 0.14  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Diluted income (loss) per share

                                

Continuing operations

   $ 0.19     $ 0.09     $ 0.24     $ 0.18  

Discontinued operations

     (0.01 )      (0.02 )      (0.01 )      (0.05 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Total net income per share

   $ 0.18     $ 0.07     $ 0.23     $ 0.13