Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 12 — EARNINGS PER SHARE

Earnings per share computations are based upon the following table:

 

                         
(In thousands, except per share data)   2012     2011     2010  

Net Income

  $ 21,874     $ 21,591     $ 14,948  
   

 

 

   

 

 

   

 

 

 

Basic Earnings Weighted Average Shares

    14,286       13,959       13,713  

Net Effect of Dilutive Stock Options

    845       889       561  
   

 

 

   

 

 

   

 

 

 

Diluted Earnings Weighted Average Shares

    15,131       14,848       14,274  
   

 

 

   

 

 

   

 

 

 

Basic Earnings Per Share

  $ 1.53     $ 1.55     $ 1.09  

Diluted Earnings Per Share

  $ 1.45     $ 1.45     $ 1.05