Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

Earnings Per Share

NOTE 5:EARNINGS PER SHARE

Basic earnings (loss) per share are computed by dividing net income (loss) applicable to common shares by the weighted average number of common shares outstanding during the period.Diluted earnings per share are computed by dividing net income applicable to common shares by the weighted average number of common shares adjusted to include the effect of potentially dilutive securities.Potentially dilutive securities include incremental shares issuable upon exercise of outstanding stock options and shares of unvested restricted stock.Diluted earnings per share excludes all dilutive securities if their effect is anti-dilutive.

The weighted average number of shares of common stock used in diluted earnings per share for the three and six months ended June 30, 2011 and 2010 is as follows: 

	Three Months Ended		Six Months Ended
	June 30, 2011(1)	June 30, 2010	June 30, 2011	June 30, 2010
Weighted average shares of common stock
used in basic earnings per share	5,406,894	5,360,611	5,400,822	5,359,499
Effects of stock options	0	22,870	6,290	26,563
Effects of restricted stock	0	15,246	17,175	15,672
	5,406,894	5,398,727	5,424,287	5,401,734

(1) Basic and diluted weighted average shares were the same for the three months ended June 30, 2011 because the effects of the potentially diluted securities are anti-dilutive.