v2.4.0.6
Earnings Per Share
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

7. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the year ended December 31:

 

                         

In Thousands

   2012     2011     2010  

Numerator:

                        

Net income

   $ 19,811     $ 50,131     $ 15,290  
   

 

 

    

 

 

    

 

 

  

Denominator:

                        

Denominator for basic earnings per share – weighted average shares

     21,680       23,300       23,184  

Effect of dilutive securities:

                        

Employee stock options

     52       110       158  
   

 

 

    

 

 

    

 

 

  

Denominator for diluted earnings per share – weighted average shares

     21,732       23,410       23,342  
   

 

 

    

 

 

    

 

 

  

Stock options to purchase common stock at exercise prices in excess of the average actual stock price for the period that were anti-dilutive and that were excluded from the determination of diluted earnings per share are as follows:

 

                         

In Thousands, Except Per Share Data

   2012     2011     2010  

Weighted average anti-dilutive stock options

     179       80       183  

Weighted average exercise price per share

   $ 31.37     $ 31.28     $ 24.51