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Net Income Per Share of Common Stock
 6 Months Ended
Jun. 30, 2012
Net Income Per Share of Common Stock [Abstract]  
NET INCOME PER SHARE OF COMMON STOCK

NOTE 6:    NET INCOME PER SHARE OF COMMON STOCK

Basic net income per share is computed based on the weighted average number of shares of common stock outstanding during each period. Diluted net income per share is computed based on the weighted average number of shares of common stock outstanding during each period, plus dilutive potential shares of common stock considered outstanding during the period, in accordance with FASB ASC No. 260, “Earnings Per Share.”

 

                                 
    Six months ended
June 30,		     Three months ended
June 30,		  
    2012     2011     2012     2011  
    (unaudited)     (unaudited)     (unaudited)     (unaudited)  

Numerator:

                                

Net income

   $ 8,336     $ 8,774     $ 3,479     $ 4,123  
   

 

 

    

 

 

    

 

 

    

 

 

  

Denominator:

                                

Weighted-average common stock outstanding

     23,188       22,900       22,873       23,107  

Effect of stock options

     654       1,128       576       1,058  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted weighted average common stock outstanding

     23,842       24,028       23,449       24,165  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Basic net income per share

   $ 0.36     $ 0.38     $ 0.15     $ 0.18  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted net income per share

   $ 0.35     $ 0.37     $ 0.15     $ 0.17  
   

 

 

    

 

 

    

 

 

    

 

 

  

The weighted average number of shares related to outstanding options excluded from the calculation of diluted net income per share, since their effect was anti-dilutive, was 764,861 and 1,212,482 shares for the three and six months ended June 30, 2012, respectively, and 557,800 and 461,299 shares for the corresponding periods of 2011.