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Shares Outstanding and Earnings Per Share
9 Months Ended
Sep. 30, 2011
Shares Outstanding and Earnings Per Share [Abstract] 
Shares Outstanding and Earnings Per Share
(18) Shares Outstanding and Earnings Per Share:

Earnings per share have been calculated based on the weighted average number of shares outstanding as set forth below:

 

                                 
    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2011     2010     2011     2010  

(in thousands, except per share data)

                               
         

Weighted average basic shares outstanding

    10,937       10,909       10,936       10,903  

Assumed exercise of stock options and issuance of stock awards

    14       —         13       13  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average diluted shares outstanding

    10,951       10,909       10,949       10,916  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss)

  $ 6,136     $ (1,237   $ 24,405     $ 3,728  
         

Basic earnings (loss) per share

  $ 0.56     $ (0.11   $ 2.23     $ 0.34  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings (loss) per share

  $ 0.56     $ (0.11   $ 2.23     $ 0.34  
   

 

 

   

 

 

   

 

 

   

 

 

 

Anti-dilutive securities outstanding

    118       140       118       138