Earnings Per Common Share
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Dec. 31, 2011
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Earnings Per Common Share |
Note 9 - Earnings Per Common Share
A reconciliation of the income and shares of the basic earnings per common share and diluted earnings per common share for the years ended December 31, 2011and 2010 is as follows:
For the years ended December 31, 2011 and 2010, approximately 5,000,000 and 18,000 common stock options, respectively, were not added to the denominator because inclusion of such shares would be antidilutive.
The Company issued warrants in conjunction with the acquisition of Superior, which were to expire on May 29, 2014 at an exercise price of $1.89. During 2010, these warrants extinguished in conjunction with the SIBL debt settlement (see Note 16).
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