XML 37 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

6. Earnings Per Share 

 

Basic earnings per share is computed by dividing net income applicable to common stockholders by the weighted average numbers of shares of common stock outstanding during the period. Diluted earnings per share is computed similarly to basic earnings per share, except that the denominator is increased for the assumed exercise of dilutive stock options and unvested restricted stock calculated using the treasury stock method.

 

    Three Months Ended  Nine Months Ended  
    September 30,  September 30,  
    2012  2011  2012  2011  
Weighted average number of shares of Common Stock outstanding — basic    23,581,631   22,834,206   23,331,877   22,782,124  
Effect of dilutive share-based awards   604,867   622,852   683,870   536,755  
Weighted average number of shares of Common Stock outstanding — diluted    24,186,498   23,457,058   24,015,747   23,318,879  
                
Earnings per share:              
 Basic $0.13 $0.09 $0.53 $0.13  
 Diluted $0.13 $0.08 $0.52 $0.13  

For the three and nine months ended September 30, 2012, the Company did not include stock options to purchase 141,733 shares and 313,862 shares of the Company's common stock, respectively, in the calculations of diluted EPS because the exercise prices of those options were greater than the average market price and such inclusion would be anti-dilutive.

 

For the three and nine months ended September 30, 2011, the Company did not include stock options to purchase 473,904 shares and 675,962 shares of the Company's common stock, respectively, in the calculations of diluted EPS because the exercise prices of those options were greater than the average market price and such inclusion would be anti-dilutive.