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Basic and Diluted Earnings Per Share
 9 Months Ended
Sep. 30, 2012
Basic and Diluted Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share

Note 4 – 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 common share reflect the potential effects of the exercise of outstanding stock options and vesting of restricted stock units. Basic and diluted common shares outstanding are summarized as follows:

 

                                 
    Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
    2012     2011     2012     2011  

Weighted average number of basic common shares outstanding

     7,007,333       10,060,422       7,959,086       10,152,434  
         

Effect of dilutive securities

     176,180       39,492       109,601       45,034  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Weighted average number of diluted common shares outstanding

     7,183,513       10,099,914       8,068,687       10,197,468