EARNINGS PER SHARE DATA (Tables)

9 Months Ended

Sep. 30, 2013

EARNINGS PER SHARE DATA [Abstract]

Computation of Basic and Diluted Earnings per Share

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Basic:
Weighted average shares outstanding		14,444		14,411		14,430		14,375
Net income	$	16,352	$	13,092	$	43,333	$	36,915
Convertible preferred stock dividend		23		23		68		68
Net income attributable to common shareholders	$	16,329	$	13,069	$	43,265	$	36,847
Per share amount	$	1.13	$	0.91	$	3.00	$	2.56
Diluted:
Weighted average shares outstanding		14,444		14,411		14,430		14,375
Assumed conversion of convertible  preferred stock		840		840		840		840
Total dilutive shares		15,284		15,251		15,270		15,215
Net income attributable to  common shareholders	$	16,329	$	13,069	$	43,265	$	36,847
Convertible preferred stock dividend		23		23		68		68
Net income for diluted  earnings per share	$	16,352	$	13,092	$	43,333	$	36,915
Per share amount	$	1.07	$	0.86	$	2.84	$	2.43