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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
(in thousands, except market price data)   2012   2011   2010
             
Net income available to common shareholders   $30,977     $34,938     $37,636
                 
Weighted average number of shares:                
                 
Weighted average number of shares used in                
calculating basic net income/(loss) per share   31,356     31,262     31,072
                 
Effect of dilutive stock-based compensation plans:                
                 
Stock options   57     104     44
                 
Long-term incentive plan   223     144     93
                 
Weighted average number of shares used in                
calculating diluted net income per share   31,636     31,510     31,209
                 
Effect of stock-based compensation plans                
that were not included in the computation of                
diluted earnings per share because                
to do so would have been antidilutive   -     -     -
                 
Average market price of common stock used                
for calculation of dilutive shares   $21.51     $23.44     $20.49
                 
Net income per share:                
                 
Basic   $0.99     $1.12     $1.21
                 
Diluted   *$0.97     $1.11     $1.21

 

As of December 31, 2012, 2011, and 2010, there was no dilution resulting from the convertible debt instrument, purchased call option, and warrant that are described in Note 13.
 

 

* Due to a loss from continuing operations in 2012, the calculation of diluted income per share cannot be calculated by dividing net income by the diluted shares in the table above. See Statement of Income.