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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2011
EARNINGS PER SHARE  
Reconciliation of earnings per common share

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Income from continuing operations

 

$

10,498

 

$

8,830

 

$

23,386

 

$

16,708

 

Less portion allocated to unvested share awards

 

(51

)

(79

)

(115

)

(160

)

Income from continuing operations attributable to common shares

 

$

10,447

 

$

8,751

 

$

23,271

 

$

16,548

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations

 

$

(285

)

$

170

 

$

(494

)

$

334

 

Less portion allocated to unvested share awards

 

1

 

(2

)

2

 

(3

)

Income (loss) from discontinued operations attributable to common shares

 

$

(284

)

$

168

 

$

(492

)

$

331

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

10,213

 

$

9,000

 

$

22,892

 

$

17,042

 

Less portion allocated to unvested share awards

 

(50

)

(81

)

(113

)

(163

)

Net income attributable to common shares

 

$

10,163

 

$

8,919

 

$

22,779

 

$

16,879

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

27,421

 

27,894

 

27,606

 

26,131

 

Dilutive stock options and warrants

 

331

 

337

 

315

 

434

 

Weighted average common shares outstanding - diluted

 

27,752

 

28,231

 

27,921

 

26,565

 

 

 

 

 

 

 

 

 

 

 

Basic income (loss) per common share:

 

 

 

 

 

 

 

 

 

Continuing

 

$

0.38

 

$

0.31

 

$

0.84

 

$

0.63

 

Discontinued

 

(0.01

)

0.01

 

(0.01

)

0.02

 

Total

 

$

0.37

 

$

0.32

 

$

0.83

 

$

0.65

 

 

 

 

 

 

 

 

 

 

 

Diluted income (loss) per common share:

 

 

 

 

 

 

 

 

 

Continuing

 

$

0.38

 

$

0.31

 

$

0.83

 

$

0.62

 

Discontinued

 

(0.01

)

0.01

 

(0.01

)

0.02

 

Total

 

$

0.37

 

$

0.32

 

$

0.82

 

$

0.64

 

 

 

 

 

 

 

 

 

 

 

Antidilutive securities not included:

 

 

 

 

 

 

 

 

 

Options, warrants and RSUs

 

361

 

81

 

689

 

130