Stockholders' Equity

6 Months Ended

Jun. 30, 2013

Stockholders' Equity [Abstract]

Stockholders' Equity

10. Stockholders' Equity

     The following table summarizes information about the Company's Common Stock at (shares in thousands):

	June 30,		December 31,
	2013	2012	2012
Common stock authorized	30,000	30,000	30,000
Common stock issued	25,841	24,992	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 (in thousands):

	Six Months Ended		Three Months Ended
	June 30,		June 30,
	2013	2012	2013	2012
Weighted average shares outstanding
for basic earnings per share	23,139	22,479	23,261	22,516
Common stock equivalents pertaining
to stock options and contingently
issuable deferred stock units	414	207	389	215
Weighted average shares outstanding
for diluted earnings per share	23,553	22,686	23,650	22,731

     The weighted average diluted shares outstanding for the six months ended June 30, 2013 and 2012, excludes the effect of 336,295 and 841,800 shares of common stock, respectively, subject to stock options, deferred stock units and stock awards. The weighted average diluted shares outstanding for the three months ended June 30, 2013 and 2012 excludes the effect of 335,875 and 901,300 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 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.