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Earnings Per Share
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
14.
Earnings Per Share
The computations of Basic and Diluted Earnings per Share were as follows:
 
Three Months Ended
 
Nine Months Ended
 
 
September 30
 
September 30
 

2012
 
2011
 
2012
 
2011
 
Numerator:

 

 

 

 
Net Earnings
$
8,745

 
$
9,728

 
$
27,740

 
$
21,449

 
Denominator:


 


 


 


 
Basic - Weighted Average Shares Outstanding
18,468,546

 
18,741,524

 
18,594,508

 
18,881,132

 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
Share-based compensation plans
572,329

 
529,550

 
560,336

 
535,929

 
Diluted - Weighted Average Shares Outstanding
19,040,875

 
19,271,074

 
19,154,844

 
19,417,061

 
Basic Earnings per Share
$
0.47

 
$
0.52

 
$
1.49

 
$
1.14

 
Diluted Earnings per Share
$
0.46

 
$
0.50

 
$
1.45

 
$
1.10

 
 
Excluded from the dilutive securities shown above were options to purchase 251,704 and 180,551 shares of Common Stock during the three months ended September 30, 2012 and 2011, respectively. Excluded from the dilutive securities shown above were options to purchase 268,698 and 145,238 shares of Common Stock during the nine months ended September 30, 2012 and 2011, respectively. These exclusions are made if the exercise prices of these options are greater than the average market price of our Common Stock for the period, if the number of shares we can repurchase exceeds the weighted shares outstanding in the options, or if we have a net loss, as the effects are anti-dilutive.