Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Schedule Computing Earnings Per Share

The amounts used in computing earnings per share and the weighted average number of shares of potentially dilutive securities are as follows:

	Three months ended June 30,				Six months ended  June 30,
(in thousands, except market price data)	2013		2012		2013	2012
Net income/(loss) available to common shareholders	($7,379	)	($33,745	)	$4,132	$13,296
Weighted average number of shares:
Weighted average number of shares used in
calculating basic net income/(loss) per share	31,628		31,349		31,562	31,329
Effect of dilutive stock-based compensation plans:
Stock options	-		-		125	69
Long-term incentive plan	-		-		169	120
Weighted average number of shares used in
calculating diluted net income/(loss) per share	31,628		31,349		31,856	31,518
Average market price of common stock used
for calculation of dilutive shares	$30.59		$20.22		$28.53	$22.08
Net income per share:
Basic	($0.23	)	($1.08	)	$0.13	$0.42
Diluted	($0.23	)	($1.08	)	$0.13	$0.42

Schedule of Shares Issued and Outstanding

The following table presents the number of shares issued and outstanding:

	Class A	Class B	Less: Treasury	Net shares
	Shares	Shares	Shares	Outstanding
June 30, 2013	36,875,127	3,236,098	(8,463,635)	31,647,590
March 31, 2013	36,827,227	3,236,098	(8,467,873)	31,595,452
June 30, 2012	36,589,304	3,236,098	(8,467,873)	31,357,529