Note 4 - Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

4 – Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share information):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	15,179	$	14,909	$	34,358	$	48,237
Denominator–
Denominator for basic earnings per share – weighted average shares outstanding		39,558		38,740		39,411		38,602
Effect of dilutive securities–
Employee and director stock options and restricted share awards		1,065		862		1,081		1,031
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		40,623		39,602		40,492		39,633
Basic earnings per common share	$	.38	$	.38	$	.87	$	1.25
Diluted earnings per common share and common share equivalents	$	.37	$	.38	$	.85	$	1.22

Options to purchase shares of common stock that were outstanding for the three months and nine months ended September 30, 2013 and 2012 that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive are as follows (in thousands):

	Three Months Ended September 30,				Nine months Ended September 30,
	2013		2012		2013		2012
Anti-dilutive options		865		1,367		865		1,127