BASIC EARNINGS PER SHARE

Net Income

$

22,579

$

24,383

$

24,977

Weighted average shares outstanding during the period, net of treasury shares

31,725

28,808

27,981

Weighted average vested restricted stock units outstanding

66

76

81

Weighted average shares outstanding in the Deferred Compensation Plan during the period

1,080

1,019

987

Weighted average shares outstanding

32,871

29,903

29,049

Basic income per share

$

0.69

$

0.82

$

0.86

DILUTED EARNINGS PER SHARE

Net Income

$

22,579

$

24,383

$

24,977

Weighted average shares outstanding

Basic

32,871

29,903

29,049

Effect of dilutive securities (a):

Impact of common shares to be issued under stock option plans, and Contingently issuable shares, if any

836

929

1,019

Weighted average shares outstanding

33,707

30,832

30,068

Diluted income per share

$

0.67

$

0.79

$

0.83

Anti-dilutive securities (b)

2

261

54