Calculation of Earnings Per Share

6 Months Ended

Jun. 30, 2011

Calculation of Earnings Per Share [Abstract]

Calculation of Earnings Per Share

2. Calculation of Earnings Per Share

	Three Months				Six Months
For the Periods Ended June 30,	2011		2010		2011		2010
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Net Income	$	3,520	$	3,340	$	17,267	$	17,314
Weighted average shares outstanding		9,557,707		9,467,222		9,546,606		9,443,708
Basic Earnings Per Share	$	0.37	$	0.35	$	1.81	$	1.83
Calculation of Diluted Earnings Per Share:
Reconciliation of Numerator:
Net Income	$	3,520	$	3,340	$	17,267	$	17,314
Effect of 8.25% Convertible debentures		15		19		31		37
Adjusted numerator — Diluted	$	3,535	$	3,359	$	17,298	$	17,351
Reconciliation of Denominator:
Weighted shares outstanding — Basic		9,557,707		9,467,222		9,546,606		9,443,708
Effect of dilutive securities:
Share-based Compensation		20,699		3,347		21,958		19,437
8.25% Convertible debentures		72,481		86,783		73,810		87,525
Adjusted denominator — Diluted		9,650,887		9,557,352		9,642,374		9,550,670
Diluted Earnings Per Share	$	0.37	$	0.35	$	1.79	$	1.82