Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Note K - Earnings Per Share

The following is a reconciliation of the denominators used in the calculation of basic and diluted earnings per share for the years ended December 31:

	2012		2011		2010
Average share outstanding for basic earnings per share		14,838,767		14,818,354		14,782,624
Dilutive effect of share equivalents		29,482		-		16,078
Average shares outstanding for diluted earnings per share		14,868,249		14,818,354		14,798,702

During 2011 the Company sustained a net loss. Accordingly, the anti-dilutive effect of 19,983 shares was excluded from the calculation of the average shares outstanding.