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Earnings Per Share
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table sets forth the computation of basic and diluted EPS:
(Thousands except per share amounts)
 
2012
 
2011
 
2010
Numerator for basic and diluted EPS:
 
 
 
 
 
 
Net income
 
$
24,664

 
$
39,979

 
$
46,427

Denominator:
 
 
 
 
 
 
Denominator for basic EPS:
 
 
 
 
 
 
Weighted-average shares outstanding
 
20,418

 
20,365

 
20,282

Effect of dilutive securities:
 
 
 
 
 
 
Stock options and stock appreciation rights
 
163

 
237

 
156

Restricted stock
 
94

 
152

 
151

Performance restricted shares
 
4

 
—

 
1

Diluted potential common shares
 
261

 
389

 
308

Denominator for diluted EPS:
 
 
 
 
 
 
Adjusted weighted-average shares outstanding
 
20,679

 
20,754

 
20,590

Basic EPS
 
$
1.21

 
$
1.96

 
$
2.29

Diluted EPS
 
$
1.19

 
$
1.93

 
$
2.25


Stock appreciation rights with grants in excess of the average annual share price totaling 465,000 in 2012, 152,000 in 2011 and 69,000 in 2010 were excluded from the diluted EPS calculation as their effect would have been anti-dilutive.