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Earnings Per Share
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6 Months Ended |
|---|---|
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Jun. 30, 2012
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| Earnings Per Share [Abstract] | |
| Earnings Per Share |
NOTE 3. Earnings Per Share Basic earnings per share are computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per share is computed similarly to basic earnings per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential additional common shares that were dilutive had been issued. Common share equivalents are excluded from the computation if their effect is anti-dilutive. The Company’s common share equivalents consist of stock options. Common shares from the potential exercise of certain options have been excluded from the computation of earnings (loss) per share because their exercise prices are greater than the Company’s average stock price for the period. For the three and six months ended June 30, 2012, the number of shares excluded was 37,000 and 106,000, respectively. For the three and six months ended June 30, 2011, the number of shares excluded was 111,000 and 111,000, respectively. In addition, because their effect would have been anti-dilutive, common shares from exercise of in-the-money options for the three and six months ended June 30, 2012 of 606,000 and 537,000, respectively, and for the three and six months ended June 30, 2011 of 278,000 and 278,000, respectively, have also been excluded from the computation of net loss per share. |