Earnings Per Share and Capital Stock (Tables)

12 Months Ended

Dec. 31, 2012

Earnings Per Share and Capital Stock

Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating basic net income per share

Basic	For The Years Ended December 31,
(in thousands, except per share amounts)	2012		2011		2010
Net income from continuing operations	$	54,148	$	42,010	$	31,091
Net income from discontinued operations	—		3,849		2,106
Total net income	54,148		45,859		33,197
Less: (a) Distributed earnings to common shareholders	24,129		20,563		19,329
Distributed earnings to participating securities	171		140		102
Undistributed earnings	29,848		25,156		13,766
(b) Undistributed earnings allocated to common shareholders	29,638		24,985		13,694
Undistributed earnings allocated to participating securities	210		171		72
Total income available to common shareholders, basic (a)+(b)	$	53,767	$	45,548	$	33,023
Weighted average Common Shares outstanding, basic	18,999		18,693		18,585
Basic earnings per Common Share:
Income from continuing operations	$	2.83	$	2.24	$	1.67
Income from discontinued operations	—		0.20		0.11
Net income	$	2.83	$	2.44	$	1.78

Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating diluted net income per share

Diluted	For The Years Ended December 31,
(in thousands, except per share amounts)	2012		2011		2010
Common shareholders earnings, basic	$	53,767	$	45,548	$	33,023
Undistributed earnings for dilutive stock options	210		171		72
Total common shareholders earnings, diluted	$	53,977	$	45,719	$	33,095
Weighted average Common Shares outstanding, basic	18,999		18,693		18,585
Stock-based compensation (1)	132		144		151
Weighted average Common Shares outstanding, diluted	19,131		18,837		18,736
Diluted earnings per Common Share
Income from continuing operations	$	2.82	$	2.23	$	1.66
Income from discontinued operations	—		0.20		0.11
Net income	$	2.82	$	2.43	$	1.77

(1) In applying the treasury stock method of reflecting the dilutive effect of outstanding stock-based compensation in the calculation of diluted EPS, 201,579 stock options and 149,666 restricted stock units at December 31, 2012 were deemed to be outstanding in accordance with accounting guidance on earnings per share.