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Earnings per Share
 6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings per Share
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)
 
2012
 
2011
 
2012
 
2011
Numerator:
 
 
 
 
 
 
 
Net income
$
3,000

 
$
2,008

 
$
6,508

 
$
4,505

Denominator for basic net income per common share:
 
 
 
 
 
 
 
Weighted average common shares outstanding
12,216

 
12,179

 
12,177

 
12,157

 
 
 
 
 
 
 
 
Denominator for diluted net income per share:
 
 
 
 
 
 
 
Weighted average common shares outstanding
12,216

 
12,179

 
12,177

 
12,157

Dilutive effect of stock options and restricted stock
100

 
109

 
97

 
108

Diluted weighted average shares
12,316

 
12,288

 
12,274

 
12,265

Earnings per common share:
 
 
 
 
 
 
 
Basic
$
0.25

 
$
0.16

 
$
0.53

 
$
0.37

Diluted
$
0.24

 
$
0.16

 
$
0.53

 
$
0.37



For the six months ended June 30, 2012, there were no stock options excluded due to their anti-dilutive effect. 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.