Net Income Per Share of Common Stock

9 Months Ended

Sep. 30, 2012

Net Income Per Share of Common Stock [Abstract]

NET INCOME PER SHARE OF COMMON STOCK

NOTE 6:     NET INCOME PER SHARE OF COMMON STOCK

Basic net income per share is computed based on the weighted average number of shares of common stock outstanding during each period. Diluted net income per share is computed based on the weighted average number of shares of common stock outstanding during each period, plus dilutive potential shares of common stock considered outstanding during the period, in accordance with FASB ASC No. 260, “Earnings Per Share.”

	Nine months ended September 30,				Three months ended September 30,
	2012		2011		2012		2011
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Numerator:
Net income	$	10,930	$	13,709	$	2,594	$	4,935
Denominator:
Weighted-average common stock outstanding		22,965		23,065		22,526		23,390
Effect of stock options		600		1,040		493		863
Diluted weighted average common stock outstanding		23,565		24,105		23,019		24,253
Basic net income per share	$	0.48	$	0.59	$	0.12	$	0.21
Diluted net income per share	$	0.46	$	0.57	$	0.11	$	0.20

The weighted average number of shares related to outstanding options excluded from the calculation of diluted net income per share, since their effect was anti-dilutive, was 1,270,801 and 927,913 shares for the three and nine months ended September 30, 2012, respectively, and 713,275 and 545,291 shares for the corresponding periods of 2011.