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Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2012
Net Income (Loss) Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE

NOTE B – NET INCOME (LOSS) PER SHARE

Basic net income or loss per share is based upon the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is based upon the weighted average number of shares of common stock outstanding and the weighted average number of shares outstanding assuming the issuance of common stock upon exercise of stock options and vesting of stock grants per U.S. generally accepted accounting principles, or GAAP.

 

                                 
    Three Months ended     Six Months ended  
    June 30     June 30  
    2012     2011     2012     2011  

Weighted average number of shares outstanding:

                                

Common stock

     20,026,354       19,840,116       20,008,358       19,806,034  

Common stock equivalents-stock options, grants

     61,278       64,628       75,372       48,495  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted shares outstanding

     20,087,632       19,904,744       20,083,730       19,854,529  
   

 

 

    

 

 

    

 

 

    

 

 

  

For the three months ended June 30, 2011 diluted net loss per share is calculated based on the weighted average number of shares of common stock outstanding and not diluted shares outstanding because of the antidilutive impact of common stock equivalents.