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Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 2011
Earnings Per Share, Basic, Other Disclosures [Abstract] 
Reconciliation of Number of Common Shares Used in Calculating Basic and Diluted EPS
The following table reconciles the number of common shares used in calculating the basic and diluted earnings per share from continuing operations for the quarters and nine months ended September 30:
 
 
Quarter Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(Dollars in thousands, except per-share amounts)
2011
 
2010
 
2011
 
2010
Earnings from continuing operations
$
25,599

 
$
18,164

 
$
41,744

 
$
31,376

 
 
 
 
 
 
 
 
Basic average common shares outstanding
40,187,334

 
40,000,396

 
40,147,133

 
39,954,008

Incremental shares due to:
 
 
 
 
 
 
 
Common stock options
44,147

 
95,335

 
54,048

 
95,595

Performance shares
120,182

 
108,097

 
129,691

 
115,739

Restricted stock units
28,639

 
30,035

 
29,005

 
29,128

Diluted average common shares outstanding
40,380,302

 
40,233,863

 
40,359,877

 
40,194,470

 
 
 
 
 
 
 
 
Basic earnings per common share from continuing operations
$
0.64

 
$
0.45

 
$
1.04

 
$
0.79

Diluted earnings per common share from continuing operations
$
0.63

 
$
0.45

 
$
1.03

 
$
0.78

 
 
 
 
 
 
 
 
Anti-dilutive shares excluded from the calculation:
 
 
 
 
 
 
 
Performance shares
77,767

 
81,162

 
77,767

 
81,162

Restricted stock units

 
750

 
2,700

 
4,550

Total anti-dilutive shares excluded from the calculation
77,767

 
81,912

 
80,467

 
85,712