BASIC AND DILUTED INCOME PER SHARE

6 Months Ended

Jun. 30, 2011

BASIC AND DILUTED INCOME PER SHARE

2.           BASIC AND DILUTED INCOME PER SHARE

Basic income per share is computed by dividing income by the weighted average number of common shares outstanding.  Diluted income per share is calculated by dividing income by the weighted average number of common and potential dilutive common shares outstanding.  Diluted income per share takes into consideration the assumed exercise of outstanding stock options resulting in approximately 411,000 and 522,000 potential dilutive common shares for the three months ended June 30, 2011 and 2010, respectively, and 451,000 and 494,000 for the six months ended June 30, 2011 and 2010, respectively.  For the three and six months ended June 30, 2011 and 2010, none of the outstanding stock options would have been anti-dilutive.