XML 39 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Income per Common Share
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Net Income per Common Share
Net Income per Common Share

Net income per common share is computed based on the weighted average number of common shares outstanding during the period. Diluted net income per common share is computed similarly but includes the effect of the assumed exercise of dilutive stock options and restricted stock under the treasury stock method.

The computation of basic and diluted net income per common share is as follows:
 
December 31,
 
2011
 
2010
Net income
$
10,526,000

 
$
2,433,000

 
 
 
 
Weighted average common shares outstanding — basic
6,954,000

 
6,847,000

Effect of dilutive securities:
 
 
 
Stock options
245,000

 
121,000

Restricted stock
101,000

 
99,000

Weighted average common and potentially issuable common shares outstanding — diluted
7,300,000

 
7,067,000

 
 
 
 
Basic net income per common share
$
1.51

 
$
0.36

Diluted net income per common share
$
1.44

 
$
0.34


At December 31, 2010 there were 23,000 unexercised stock options that were not included in diluted earnings per share, as they were anti-dilutive.