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Earnings per Share
 6 Months Ended
Jun. 30, 2011
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings per Share


The following table reconciles the numerators and denominators of the basic and diluted earnings per share computation.


 
Three months ended




 
Six months ended
 
June 30,
 
June 30,
 
(in thousands,
except per share data)
 
(in thousands,
except per share data)
 
2010
 
2011
 
2010
 
2011
Numerator:
 
 
 
 
 
 
 
Net income
$
1,544


 
$
2,008


 
$
2,908


 
$
4,505


Denominator for basic net income per common share:
 
 
 
 
 
 
 
Weighted average common shares outstanding
12,104


 
12,179


 
12,103


 
12,157


Denominator for diluted net income per share:
 
 
 
 
 
 
 
Weighted average common shares outstanding
12,104


 
12,179


 
12,103


 
12,157


Dilutive effect of stock options and restricted stock
101


 
109


 
100


 
108


Diluted weighted average shares
12,205


 
12,288


 
12,203


 
12,265


Earnings per common share:
 
 
 
 
 
 
 
Basic
$
0.13


 
$
0.16


 
$
0.24


 
$
0.37


Diluted
$
0.13


 
$
0.16


 
$
0.24


 
$
0.37




A total of 104,653 stock options for the six months ended June 30, 2010 and a total of 59,680 stock options for the six months ended June 30, 2011 were excluded from the diluted weighted average shares, as their effect would be anti-dilutive.