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H.S. freshman Bad
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Statement Regarding Computation of Per Share Earnings
The following table is the reconciliation of basic and fully diluted earnings per share for the years ended December 31, 2011, 2010 and 2009 (dollars in thousands except per share amounts):
| 2011 | 2010 | 2009 | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Basic | Fully Diluted | Basic | Fully Diluted | Basic | Fully Diluted | |||||||||||||
Net income | $ | 27,600 | $ | 27,600 | $ | 26,872 | $ | 26,872 | $ | 19,200 | $ | 19,200 | |||||||
Weighted average shares outstanding | 58,633,627 | 58,633,627 | 58,578,599 | 58,578,599 | 58,370,569 | 58,370,569 | |||||||||||||
Effect of dilutive securities | — | 2,804 | — | 4,586 | — | 36,898 | |||||||||||||
Adjusted weighted average shares outstanding | 58,633,627 | 58,636,431 | 58,578,599 | 58,583,185 | 58,370,569 | 58,407,467 | |||||||||||||
Earning per share | $ | 0.47 | $ | 0.47 | $ | 0.46 | $ | 0.46 | $ | 0.33 | $ | 0.33 |
Statement Regarding Computation of Per Share Earnings