Earnings per Share

6 Months Ended

Jun. 30, 2013

Earnings per Share [Abstract]

Earnings per Share

Note 2.  Earnings per Share

Basic earnings per share are determined by dividing earnings by the weighted average number of common shares outstanding during each period.  Diluted earnings per share include the potential dilutive effects of options, restricted stock units and shares held in the Company’s Supplemental Executive Retirement Plan.

The following table sets forth the computation of net income attributable to controlling interest from continuing operations and the number of basic and diluted shares used in the computation of earnings per share (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Numerator:
Net income from continuing operations	$	11,153	$	9,581	$	24,403	$	21,605
Net income attributable to non-controlling interests		61		63		140		76
Net income attributable to controlling interest from continuing operations	$	11,092	$	9,518	$	24,263	$	21,529
Denominator:
Denominator for basic earnings per share		22,752		22,691		22,738		22,667
Effect of dilutive securities:
Employee stock options and restricted stock units		200		242		221		274
Supplemental Executive Retirement Plan		117		108		116		106
Denominator for diluted earnings per share		23,069		23,041		23,075		23,047

A total of 1,072 options were antidilutive for each of the three-month periods ended June 30, 2013 and 2012.  A total of 698 options were antidilutive for each of the six-month periods ended June 30, 2013 and 2012.  Antidilutive options are not included in the diluted earnings per share computation.