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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2011
Reconciliation of Number of Common Shares Used in Calculating Basic and Diluted Net Earnings per Share

The following table reconciles the number of common shares used in calculating the basic and diluted net earnings per share:

 

        2011        2010        2009  

Basic average common shares outstanding

       22,913,881           22,947,400           22,720,614   

Incremental shares due to:

              

Restricted stock units

       220,457           356,048           601,432   

Performance shares

       817,946           366,504           218,080   

 

 

Diluted average common shares outstanding

       23,952,284           23,669,952           23,540,126   

 

 

Basic net earnings per common share

     $ 1.73         $ 3.22         $ 8.03   

Diluted net earnings per common share

       1.66           3.12           7.75   

 

 

Anti-dilutive shares excluded from calculation

       88,674                     23,938