4 — Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share from continuing operations:


	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
Numerator:
Numerator for basic and diluted earnings per share — Income from continuing operations available to common shareholders	$	12,518,000	$	5,416,000	$	19,785,000	$	7,338,000

Denominator:
Denominator for basic earnings per share — weighted average shares outstanding		37,831,211		37,291,659		37,726,829		37,231,524
Effect of dilutive securities:
Employee and director stock options and restricted share awards		1,183,785		897,669		1,202,492		782,900

Denominator for diluted earnings per share — adjusted weighted average shares outstanding and assumed conversions		39,014,996		38,189,328		38,929,321		38,014,424


Basic earnings from continuing operations per common share	$	.33	$	.15	$	.52	$	.20


Diluted earnings from continuing operations per common share and common share equivalents	$	.32	$	.14	$	.51	$	.19

Options to purchase shares of common stock that were outstanding for the three months and six months ended June 30, 2011 and 2010 that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2011
Options		498,600		990,330		498,600		990,330

Total anti-dilutive securities		498,600		990,330		498,600		990,330