Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2012

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended				Nine Months Ended
	September 30				September 30
(in thousands except per share data)	2012		2011		2012		2011
Numerator:
Net income	$	10,209	$	10,665	$	34,310	$	28,939

Denominator:
Basic earnings per share:
Weighted average shares		15,491		15,318		15,450		15,307
Diluted earnings per share:
Effect of dilutive stock options		64		21		51		24
Adjusted weighted average shares		15,555		15,339		15,501		15,331

Earnings per share:
Basic earnings per share	$	0.66	$	0.70	$	2.22	$	1.89
Diluted earnings per share		0.66		0.70		2.21		1.89