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Earnings Per Share
9 Months Ended
Sep. 30, 2011
Earnings Per Share 
Earnings Per Share

Note 7.  Earnings Per Share

 

There were no adjustments to net income, the numerator, for purposes of computing basic earnings per share. The following is a reconciliation of the weighted average number of common shares outstanding for computing diluted earnings per share and antidilutive shares outstanding for the three and nine months ended September 30, 2011 and 2010:

 

 

Three Months Ended

 

Nine Months Ended

 

September 30,

 

September 30,

 

2011

 

2010

 

2011

 

2010

Denominator for Basic Earnings Per Share

46,806,439

 

48,189,358

 

47,358,049

 

48,062,385

Dilutive Effect of Stock Options

110,617

 

257,170

 

156,226

 

303,919

Dilutive Effect of Restricted Stock

17,084

 

15,626

 

16,791

 

20,343

Denominator for Diluted Earnings Per Share

46,934,140

 

48,462,154

 

47,531,066

 

48,386,647

 

 

 

 

 

 

 

 

Antidilutive Shares Outstanding

253,052

 

203,802

 

217,209

 

277,272