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Common Stock And Earnings Per Share

9 Months Ended

Sep. 30, 2011

Common Stock And Earnings Per Share [Abstract]

Common Stock And Earnings Per Share

Note 11 – Common Stock and Earnings per Share

In connection with the 2009 Equity Incentive Plan described above, we issued 102 shares of restricted common stock during the three months ended March 31, 2011 and 296 shares during the three months ended June 30, 2011.

Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of unexercised common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of unexercised common stock equivalents to the extent they are not anti-dilutive. The details of the earnings per share calculations for the three and nine month periods ended September 30, 2011 and 2010 follow:


		Three months ended September 30,								Nine months ended September 30,
		2011				2010				2011				2010
Net income – continuing operations			5,927				2,183				12,913				4,152
Net (loss) – discontinued operations			(3,691	)			-				(5,557	)			-

Net income		$	2,236			$	2,183			$	7,356			$	4,152

Weighted average common shares outstanding
Basic			37,539				37,417				37,531				37,411
Incremental shares with dilutive effect:
Stock options			829				714				883				764
Restricted stock awards			238				28				196				41

Diluted			38,606				38,159				38,610				38,216

Basic income (loss) per share
Continuing operations		$	0.16			$	0.06			$	0.34			$	0.11
Discontinued operations		$	(0.10	)		$	-			$	(0.14	)		$	-

Total net income per share		$	0.06			$	0.06			$	0.20			$	0.11

Diluted income (loss) per share
Continuing operations		$	0.15			$	0.06			$	0.33			$	0.11
Discontinued operations		$	(0.09	)		$	-			$	(0.14	)		$	-

Total net income per share		$	0.06			$	0.06			$	0.19			$	0.11