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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2011
Earnings Per Share  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

 

 

Year Ended December 31,

 

2011

 

2010

 

2009

 

 

 

 

 

 

 

 

 

Income from continuing operations available to common stockholders

$

72,760

 

$

61,840

 

$

57,061

Discontinued operations

 

8,372

 

 

7,581

 

 

7,168

 

 

 

Net income available to common stockholders

$

81,132

 

$

69,421

 

$

64,229

 

 

 

 

 

 

 

BASIC:

 

 

 

 

 

 

Weighted average common shares outstanding

27,719,096

 

27,664,482

 

27,586,338

 

 

 

 

 

 

 

Income from continuing operations per common share

$

2.63

 

$

2.24

 

$

2.07

Discontinued operations per common share

 

.30

 

 

.27

 

 

.26

Net income per common share

$

2.93

 

$

2.51

 

$

2.33

 

 

 

 

 

 

 

DILUTED:

 

 

 

 

 

 

Weighted average common shares outstanding

27,719,096

 

27,664,482

 

27,586,338

Dilutive effect of:

 

 

 

 

 

 

 

 

Stock options

 

72,035

 

 

65,548

 

 

28,825

Restricted shares

 

1,461

 

 

2,929

 

 

3,137

Average dilutive common shares outstanding

27,792,592

 

27,732,959

 

27,618,300

 

 

 

 

 

 

 

Income from continuing operations per common share

$

2.62

 

$

2.23

 

$

2.06

Discontinued operations per common share

 

.30

 

 

.27

 

 

.26

Net income per common share

$

2.92

 

$

2.50

 

$

2.32

 

 

 

 

 

 

 

Incremental shares excluded since anti-dilutive:

 

 

 

 

 

 

Stock options with an exercise price in excess of the market price for our common shares

 

16,758

 

 

1,297

 

 

9,906