XML 17 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Income Per Share
3 Months Ended
Mar. 31, 2012
Net Income Per Share [Abstract]  
Net Income Per Share
3.  
Net Income Per Share
 
Basic net income per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding. Diluted net income per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding plus the effect of any dilutive stock options and restricted stock units using the treasury stock method and the net share settlement method for the convertible debt. During the three months ended March 31, 2012 and 2011, the average trading price of the Company's stock did not exceed the conversion price of the convertible debt, therefore there was no impact to the calculation of diluted shares.
 
The following is a summary of the number of shares entering into the computation of net income per common and potential common shares:

   
Three Months Ended
March 31,
 
   
2012
  
2011
 
Weighted average basic number of shares outstanding
  24,210,913   24,839,424 
Dilutive stock options
  117,413   219,839 
Dilutive restricted stock units
  32,124   70,661 
Dilutive contingent convertible debt common shares
  -   - 
Number of shares used in fully diluted computations
  24,360,450   25,129,924 
 
Not included in the number of shares used in the fully diluted computation for the three months ended March 31, 2012 and 2011 are 209,795 and 93,062 shares, respectively, pertaining to restricted stock units as their impact would be anti-dilutive.