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Earnings Per Share
 6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

2. EARNINGS PER SHARE

The computations of basic and diluted earnings per share for the Company are as follows (in thousands, except per share data):

 

                                 
    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
    2012     2011     2012     2011  

Numerator:

                                

Net income attributable to common shareholders

   $ 4,849     $ 4,900     $ 9,327     $ 8,646  
   

 

 

    

 

 

    

 

 

    

 

 

  

Denominator:

                                

Denominator for basic earnings per share - weighted-average shares

     11,781       11,807       11,754       11,767  

Effect of dilutive securities - Stock options

     122       192       118       211  
   

 

 

    

 

 

    

 

 

    

 

 

  

Denominator for diluted earnings per share - adjusted weighted-average shares

     11,903       11,999       11,872       11,978  
   

 

 

    

 

 

    

 

 

    

 

 

  

Earnings per share attributable to common shareholders:

                                

Basic

   $ 0.41     $ 0.42     $ 0.79     $ 0.73  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted

   $ 0.41     $ 0.41     $ 0.79     $ 0.72  
   

 

 

    

 

 

    

 

 

    

 

 

  

All options to purchase shares were included in the diluted earnings per share calculation for the three months and six months ended June 30, 2012 and 2011 as the average market price of the common shares was above the exercise prices. The Company’s restricted stock issued is included in basic and diluted shares for the earnings per share computation from the date of grant.