Income Per Share

9 Months Ended

Sep. 30, 2011

Income Per Share [Abstract]

Income Per Share

11. Income per share

Net income per share is based upon the weighted average number of shares outstanding during the period. Net income per share assuming dilution is based upon the weighted average number of shares and share equivalents outstanding, including the potentially dilutive impact of stock options and restricted stock rights/units issued under the Company's incentive plans. Common stock options and restricted stock rights/units are converted using the treasury stock method.

Basic and diluted net income per share has been computed as follows (in thousands, except per-share amounts):

	Three months ended September 30,					Nine months ended September 30
	2011			2010		2011			2010
Income from continuing operations, net of income taxes	$	1,519		$	3,264	$	3,342		$	1,390
Income (loss) from discontinued operations, net of income taxes		(75	)		56		(9	)		79
Net income	$	1,444		$	3,320	$	3,333		$	1,469
Weighted average shares outstanding		8,836			8,801		8,827			8,797
Weighted effect of dilutive options and rights		64			44		71			40
Weighted average shares outstanding assuming dilution		8,900			8,845		8,898			8,837
Net income (loss) per share:
From continuing operations	$	0.17		$	0.37	$	0.38		$	0.16
From discontinued operations		(0.01	)		0.01		—			0.01
Net income per share	$	0.16		$	0.38	$	0.38		$	0.17
Net income (loss) per share assuming dilution:
From continuing operations	$	0.17		$	0.37	$	0.38		$	0.16
From discontinued operations		(0.01	)		0.01		(0.01	)		0.01
Net income per share	$	0.16		$	0.38	$	0.37		$	0.17

For the three months ended September 30, 2011, the effect of zero restricted stock rights/units and options to purchase 204,994 shares are excluded from the calculation of weighted average shares outstanding because such rights/units and options were anti-dilutive. For the nine months ended September 30, 2011, the effect of 53 restricted stock rights/units and options to purchase 209,706 shares are excluded from the calculation of weighted average shares outstanding because such rights/units and options were anti-dilutive.

For the three months ended September 30, 2010, the effect of 109,046 restricted stock rights/units and options to purchase 277,365 shares are excluded from the calculation of weighted average shares outstanding because such rights/units and options were anti-dilutive. For the nine months ended September 30, 2010, the effect of 95,866 restricted stock rights/units and options to purchase 270,631 shares are excluded from the calculation of weighted average shares outstanding because such rights/units and options were anti-dilutive.