Annual report pursuant to Section 13 and 15(d)

Shareholder's Equity, Stock Options and Net Income per Share (Tables)

v2.4.0.6
Shareholder's Equity, Stock Options and Net Income per Share (Tables)
 12 Months Ended
Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes the Company’s non-employee stock option activity and related information for the years ended December 31, 2011, 2010 and 2009:
 
2011
 
2010
 
2009
 
 
 
Weighted-
 
 
 
Weighted-
 
 
 
Weighted-
 
 
 
Average
 
 
 
Average
 
 
 
Average
 
Options
 
Exercise
 
Options
 
Exercise
 
Options
 
Exercise
 
(000)
 
Price
 
(000)
 
Price
 
(000)
 
Price
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at beginning of year
63

 
$
22

 
74

 
$
22

 
74

 
$
22

Granted
—

 
—

 
—

 
—

 
—

 
—

Exercised
(22
)
 
23

 
(11
)
 
24

 
—

 
—

Forfeited
—

 
—

 
—

 
—

 
—

 
—

Outstanding and exercisable at end of year
41

 
$
21

 
63

 
$
22

 
74

 
$
22

Aggregate intrinsic value for options exercised
$
202

 
 
 
$
37

 
 
 
$
—

 
 
Average aggregate intrinsic value for options outstanding and exercisable
$
385

 
 
 
 
 
 
 
 
 
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
The following table summarizes information about stock options outstanding as of December 31, 2011:








Outstanding



Exercisable






Weighted

Weighted



Weighted
Range of

Number

Average

Average

Number

Average
Exercise

Outstanding

Remaining

Exercise

Exercisable

Exercise
Price

(000)

Contractual Life

Price

(000)

Price
$
13.25

-
18.82


263


1.4


$
15.08


263


$
15.08

20.21

-
29.44


2,297


4.0


25.78


1,519


26.95

30.35

-
35.53


803


2.4


31.37


803


31.37

$
13.25

-
35.53


3,363


3.4


$
26.28


2,585


$
27.12

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the computation of net income per basic and diluted share:
 
2011

2010

2009
Numerator:





Numerator for basic and diluted net income per share
$
47,199


$
32,036


$
9,802







Denominator:





Denominator for basic net income per share - weighted-average shares (in thousands)
29,052


28,984


28,928

Effect of dilutive stock options and non-vested shares (in thousands)
383


127


65

Denominator for diluted net income per share - adjusted weighted-average shares (in thousands)
29,435


29,111


28,993

Basic net income per share
$
1.62


$
1.11


$
0.34

Diluted net income per share
$
1.60


$
1.10


$
0.34

Employee Stock Option [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes the Company’s employee stock option activity and related information for the years ended December 31, 2011, 2010 and 2009:

 
2011
 
2010
 
2009
 
 
 
Weighted-
 
 
 
Weighted-
 
 
 
Weighted-
 
 
 
Average
 
 
 
Average
 
 
 
Average
 
Options
 
Exercise
 
Options
 
Exercise
 
Options
 
Exercise
 
(000)
 
Price
 
(000)
 
Price
 
(000)
 
Price
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at beginning of year
3,702

 
$
26

 
3,086

 
$
26

 
2,446

 
$
28

Granted
117

 
29

 
664

 
22

 
675

 
23

Exercised
(451
)
 
23

 
(35
)
 
21

 
(1
)
 
18

Forfeited
(5
)
 
24

 
(13
)
 
26

 
(34
)
 
28

Outstanding at end of year
3,363

 
$
26

 
3,702

 
$
26

 
3,086

 
$
26

Exercisable at end of year
2,585

 
$
27

 
2,475

 
$
27

 
1,906

 
$
27

Shares available for grant
1,433

 
 
 
1,713

 
 
 
2,363

 
 
Weighted-average fair value of options granted during the year
$
10.68

 
 
 
$
8.24

 
 
 
$
7.96

 
 
Aggregate intrinsic value for options exercised
$
3,771

 
 
 
$
268

 
 
 
$
3

 
 
Average aggregate intrinsic value for options outstanding
$
14,169

 
 
 
 
 
 
 
 
 
 
Average aggregate intrinsic value for exercisable options
$
8,717