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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

(Dollars and shares in thousands)

 

2012

 

2011

 

2012

 

2011

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

Net income

 

$

9,063

 

$

10,332

 

$

24,122

 

$

17,766

 

 

 

 

 

 

 

 

 

 

 

Weighted-average basic shares

 

14,920

 

13,818

 

14,484

 

13,613

 

Basic earnings per share

 

$

0.61

 

$

0.75

 

$

1.67

 

$

1.30

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

Net income

 

$

9,063

 

$

10,332

 

$

24,122

 

$

17,766

 

 

 

 

 

 

 

 

 

 

 

Weighted-average basic shares

 

14,920

 

13,818

 

14,484

 

13,613

 

Effect of dilutive securities

 

123

 

66

 

89

 

76

 

Weighted-average dilutive shares

 

15,043

 

13,884

 

14,573

 

13,689

 

Diluted earnings per share

 

$

0.60

 

$

0.74

 

$

1.66

 

$

1.28

 

 

Schedule of antidilutive securities excluded from computation of diluted earnings per share

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

(Dollars in thousands)

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

100,326

 

268,022

 

140,829

 

256,664

 

Range of exercise prices

 

$31.75 - $40.99

 

$26.01 - $40.99

 

$31.10 - $40.99

 

$26.01 - $40.99