BASIC AND DILUTED INCOME PER SHARE

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

BASIC AND DILUTED INCOME PER SHARE

2. BASIC AND DILUTED INCOME PER SHARE

Basic income per share is computed by dividing net income by the weighted average number of common shares outstanding. Diluted income per share is calculated by dividing net 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 189,000 and 411,000 potential dilutive common shares for the three months ended June 30, 2012 and 2011, respectively, and 204,000 and 451,000 for the six months ended June 30, 2012 and 2011, respectively. For the three and six months ended June 30, 2012 and 2011, none of the outstanding stock options would have been anti-dilutive.