XML 32 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings per Share
 9 Months Ended
Sep. 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(in thousands, except per share data).

 
Three months ended
 
Nine months ended
 
September 30,
 
September 30,
 
2012
 
2011
 
2012
 
2011
Numerator:
 
 
 
 
 
 
 
Net income
$
2,606

 
2,231

 
$
9,114

 
$
6,736

Denominator for basic net income per common share:
 
 
 
 
 
 
 
Weighted average common shares outstanding
12,230

 
12,179

 
12,214

 
12,151

 
 
 
 
 
 
 
 
Denominator for diluted net income per share:
 
 
 
 
 
 
 
Weighted average common shares outstanding
12,230

 
12,179

 
12,214

 
12,151

Dilutive effect of stock options and restricted stock
101

 
98

 
98

 
105

Diluted weighted average shares
12,331

 
12,277

 
12,312

 
12,256

Earnings per common share:
 
 
 
 
 
 
 
Basic
$
0.21

 
$
0.18

 
$
0.75

 
$
0.55

Diluted
$
0.21

 
$
0.18

 
$
0.74

 
$
0.55



For the nine months ended September 30, 2012, there were no stock options excluded due to their anti-dilutive effect. A total of 75,942 stock options for the nine months ended September 30, 2011 were excluded from the diluted weighted average shares as their effect would be anti-dilutive.