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Basic And Diluted Earnings Per Share
 6 Months Ended
Jun. 30, 2011
Basic And Diluted Earnings Per Share  
Basic And Diluted Earnings Per Share

Note 3 - Basic and Diluted Earnings Per Share

Basic earnings per share are computed based on the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect the potential effects of the exercise of outstanding stock options. Basic and diluted shares outstanding are summarized as follows:

 

     Three Months Ended
June 30,		      Six Months Ended
June 30,		  
     2011      2010      2011      2010  

Weighted average number of basic shares outstanding

      10,195,989         10,446,350         10,198,440         10,456,006   

Assumed exercise of stock options, net of shares assumed repurchased at average market price during the period using proceeds received upon exercise of options

      48,725         38,880         47,805         33,581   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average number of diluted shares outstanding

      10,244,714         10,485,230         10,246,245         10,489,587