Stockholders' Equity

3 Months Ended

Mar. 31, 2013

Stockholders' Equity [Abstract]

Stockholders' Equity

10. Stockholders' Equity

The following table summarizes information about the Common Stock at (in thousands):

	March 31,		December 31,
	2013	2012	2012
Common stock authorized	30,000	30,000	30,000
Common stock issued	25,594	24,957	25,376
Treasury stock	2,684	2,684	2,684

     The following reconciliation details the denominator used in the computation of basic and diluted earnings per share for the three months ended March 31, (in thousands):

	2013	2012
Weighted average shares outstanding for basic earnings per share	23,017	22,442
Common stock equivalents pertaining to stock options and
contingently issuable deferred stock units	438	200
Weighted average shares outstanding for diluted earnings per share	23,455	22,642

     The weighted average diluted shares outstanding for the three months ended March 31, 2013 and 2012, excludes the effect of 337,295 and 674,550 shares of common stock, respectively, subject to stock options, deferred stock units and stock awards. Such shares were excluded from total diluted shares because they were anti-dilutive or the specified performance conditions to which those shares were subject to were not yet achieved.

     In 2007, the Board of Directors authorized the Company to repurchase up to 1 million shares of the Company's Common Stock from time to time in the open market, in privately negotiated transactions, or in block trades. Of this authorization, 535,135 shares were repurchased prior to 2013 at an average price of $18.64 per share, or $10.0 million. The number of shares ultimately repurchased, and the timing of the purchases, will depend upon market conditions, share price and other factors.