Stockholders' Equity

9 Months Ended

Sep. 30, 2013

Stockholders' Equity [Abstract]

Stockholders' Equity

10. Stockholders' Equity

The following table summarizes information about the Company's Common Stock at:

	September 30,		December 31,
(Shares in thousands)	2013	2012	2012
Common stock authorized	30,000	30,000	30,000
Common stock issued	25,906	25,070	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:

	Nine Months Ended		Three Months Ended
	September 30,		September 30,
(In thousands)	2013	2012	2013	2012
Weighted average shares outstanding
for basic earnings per share	23,243	22,507	23,451	22,563
Common stock equivalents pertaining
to stock options and contingently
issuable deferred stock units	401	217	387	237
Weighted average shares outstanding
for diluted earnings per share	23,644	22,724	23,838	22,800

     The weighted average diluted shares outstanding for the nine months ended September 30, 2013 and 2012, excludes the effect of 332,391 and 758,546 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 September 30, 2013 and 2012 excludes the effect of 324,002 and 592,038 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.