XML 47 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Common Stock and Earnings Per Share
 9 Months Ended
Sep. 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 nine months ended September 30, 2012 and 2011 follow:

 

                                 
    Three months
ended September 30,		     Nine months
ended September 30,		  
    2012     2011     2012     2011  

Net income - continuing operations

   $ 4,682     $ 5,927     $ 14,074     $ 12,913  

Net (loss) - discontinued operations

     (173 )      (3,691 )      (493 )      (5,557 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Net income

   $ 4,509     $ 2,236     $ 13,581     $ 7,356  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average common shares outstanding

                                

Basic

     38,136       37,539       37,997       37,531  

Incremental shares with dilutive effect:

                                

Stock options

     423       829       494       883  

Restricted stock awards

     274       238       185       196  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted

     38,833       38,606       38,676       38,610  
   

 

 

    

 

 

    

 

 

    

 

 

  

Basic income (loss) per share

                                

Continuing operations

   $ 0.12     $ 0.16     $ 0.37     $ 0.34  

Discontinued operations

     (0.00 )      (0.10 )      (0.01 )      (0.14 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Total net income per share

   $ 0.12     $ 0.06     $ 0.36     $ 0.20  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted income (loss) per share

                                

Continuing operations

   $ 0.12     $ 0.15     $ 0.36     $ 0.33  

Discontinued operations

     (0.00 )      (0.09 )      (0.01 )      (0.14 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Total net income per share

   $ 0.12     $ 0.06     $ 0.35     $ 0.19