XML 17 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2012
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 4. EARNINGS PER SHARE

 

Basic earnings per share is computed by dividing reported net earnings by the weighted-average number of common shares outstanding during the period.  Diluted earnings per share reflect the additional dilution for all potentially dilutive securities such as stock options.  The following is a reconciliation of the number of shares (denominator) used in the basic and diluted earnings per share computations (shares in thousands):

 

 

 

Three Months Ended June 30,

 

 

 

2012

 

2011

 

 

 

Shares

 

Per Share
Amount

 

Shares

 

Per Share
Amount

 

Basic

 

16,139

 

$

0.11

 

16,138

 

$

0.22

 

Effect of dilutive stock options

 

110

 

—

 

86

 

—

 

Diluted

 

16,249

 

$

0.11

 

16,224

 

$

0.22

 

 

 

 

Six Months Ended June 30,

 

 

 

2012

 

2011

 

 

 

Shares

 

Per Share
Amount

 

Shares

 

Per Share
Amount

 

Basic

 

16,139

 

$

0.21

 

16,138

 

$

0.32

 

Effect of dilutive stock options

 

115

 

—

 

85

 

(.01

)

Diluted

 

16,254

 

$

0.21

 

16,223

 

$

0.31

 

 

Excluded from the computation of diluted earnings per share are options where the exercise prices are greater than the market price as their effects would be anti-dilutive in the computation of diluted earnings per share.  For the three and six months ended June 30, 2012; 1,977,059 and 1,797,061 anti-dilutive options were excluded from the computation.