Net Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2011

Net Earnings (Loss) Per Share [Abstract]

NET EARNINGS (LOSS) PER SHARE

NOTE 5 — NET EARNINGS (LOSS) PER SHARE

Net earnings (loss) per common and common equivalent share are computed using the weighted average number of shares of common stock and common stock equivalents outstanding during each period. If dilutive, the effect of stock options, treated as common stock equivalents, is calculated using the treasury stock method.

The following table sets forth the computation of basic and diluted net earnings (loss) per share:

	Quarters Ended
	June 30,		June 30,
In Thousands	2011		2010
Numerator:
Net income (loss)	$	9,461	$	8,135
Denominator:
Denominator for basic earnings per share — weighted average shares		23,264		23,171
Effect of dilutive securities:
Employee stock options		141		163
Denominator for diluted earnings per share — weighted average shares		23,405		23,334

The number of weighted average employee stock options excluded from the determination of diluted earnings per share for the second quarter was 80,500 in 2011 and 211,857 in 2010. Such options were anti-dilutive for the respective periods.

The following table sets forth the computation of basic and diluted net earnings (loss) per share:

	Six Months Ended
	June 30,		June 30,
In Thousands	2011		2010
Numerator:
Net income	$	20,115	$	5,669
Denominator:
Denominator for basic earnings per share — weighted average shares		23,241		23,165
Effect of dilutive securities:
Employee stock options		151		81
Denominator for diluted earnings per share — weighted average shares		23,392		23,246

The number of weighted average employee stock options excluded from the determination of diluted earnings per share for the six months ended June 30 was 80,500 in 2011 and 347,758 in 2010. Such options were anti-dilutive for the respective periods.