Calculation of Earnings Per Share

9 Months Ended

Sep. 30, 2011

Calculation of Earnings Per Share [Abstract]

Calculation of Earnings Per Share

2. Calculation of Earnings Per Share

	Three Months				Nine Months
For the Periods Ended September 30,	2011		2010		2011		2010
(in thousands, except shares and per share data)
Calculation of Basic Earnings Per Share:
Net Income	$	2,397	$	1,628	$	19,664	$	18,942
Weighted average shares outstanding		9,564,012		9,493,425		9,552,472		9,460,462
Basic Earnings Per Share	$	0.25	$	0.17	$	2.06	$	2.00
Calculation of Diluted Earnings Per Share:
Reconciliation of Numerator:
Net Income	$	2,397	$	1,628	$	19,664	$	18,942
Effect of 8.25% Convertible debentures (1)		15		—		46		56
Adjusted numerator — Diluted	$	2,412	$	1,628	$	19,710	$	18,998
Reconciliation of Denominator:
Weighted shares outstanding — Basic		9,564,012		9,493,425		9,552,472		9,460,462
Effect of dilutive securities (1):
Share-based Compensation		23,925		4,271		22,623		23,708
8.25% Convertible debentures		70,033		—		72,537		86,751
Adjusted denominator — Diluted		9,657,970		9,497,696		9,647,632		9,570,921
Diluted Earnings Per Share	$	0.25	$	0.17	$	2.04	$	1.98

(1) Amounts associated with securities resulting in an anti-dilutive effect on earnings per share are not included in this calculation.