Note 2 - Earnings Per Common Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

(2)  Earnings per Common Share

              Basic and diluted earnings per common share were computed as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands, except per share amounts)	2013		2012		2013		2012
Numerator:
Net income	$	7,667	$	7,584	$	14,869	$	13,030
Denominator:
Basic earnings per common share - weighted-average shares		33,210		33,099		33,196		33,075
Effect of dilutive stock options		168		151		148		156
Diluted earnings per common share - weighted-average shares and assumed conversions		33,378		33,250		33,344		33,231
Basic earnings per common share	$	0.23	$	0.23	$	0.45	$	0.39
Diluted earnings per common share	$	0.23	$	0.23	$	0.45	$	0.39

            Options totaling 463,200 and 571,100 shares for the three-month and six-month periods ended June 30, 2013, respectively, and 520,125 shares for each of the three-month and six-month periods ended June 30, 2012, were outstanding but were not included in the calculation of diluted earnings per share because including the options in the denominator would be antidilutive, or decrease the number of weighted-average shares, due to their exercise prices exceeding the average market price of the common shares or due to inclusion of average unrecognized compensation expense in the calculation.

Unvested performance unit awards totaling 54,819 and 73,607 shares for the three-month and six-month periods ended June 30, 2013, respectively, and 51,623 shares for each of the three-month and six-month periods ended June 30, 2012, were considered outstanding but were not included in the calculation of diluted earnings per share because inclusion of average unrecognized compensation expense in the calculation would cause the performance units to be antidilutive.