Earnings Per Common Share

12 Months Ended

Dec. 31, 2011

Earnings Per Common Share [Abstract]

Earnings Per Common Share

Note 10.  Earnings Per Common Share

The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period. Diluted earnings per share gives effect to stock options and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. Diluted earnings per share as of December 31, 2011, does not include 1,922,457 restricted stock units and 1,313,483 stock options as their effect was anti-dilutive. Diluted net income per share as of December 31, 2010, does not include 874,100 restricted stock units and 790,668 stock options as their effect was anti-dilutive.

	2011			2010		2009
Net Income (loss)	$	(14,819,749	)	$	26,844,650	$	33,287,271
Weighted Average Shares - Basic		62,621,771			62,204,433		55,897,946
Dilutive effect of stock options and restricted stock units		-			212,814		25,362
Weighted Average Shares - Diluted		62,621,771			62,417,247		55,923,308
Basic Earnings Per Share	$	(0.24	)	$	0.43	$	0.60
Diluted Earnings Per Share	$	(0.24	)	$	0.43	$	0.60