Net Income Per Common Share

3 Months Ended

Mar. 31, 2012

Net Income Per Common Share [Abstract]

Net Income Per Common Share

Net Income Per Common Share

Net income per common share, as shown on the Condensed Consolidated Statements of Income and Comprehensive Income, is determined on the basis of the weighted average number of common shares outstanding during the periods as follows:

	Three Months Ended
	March 31,
	2012		2011
Weighted average common shares outstanding
Basic		33,439,012		35,320,589
Dilutive effect of stock options and restricted stock		473,153		130,034
Weighted average common shares outstanding diluted		33,912,165		35,450,623

Options to purchase 217,500 and 1,767,454 shares of common stock that were outstanding at March 31, 2012 and 2011, respectively, were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of common shares, and their effect would be anti-dilutive.