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Earnings per Share
 6 Months Ended
Jun. 30, 2011
Earnings per Share  
Earnings per Share

6. Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 260 Earnings Per Share ("EPS") requires dual presentation of basic EPS and diluted EPS on the face of all income statements. Basic EPS is computed as net income divided by the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects potential dilution that could occur if securities or other contracts, which, for the Company, consists of options to purchase shares of the Company's common stock, are exercised.

The components of basic and diluted earnings per share were as follows:

 

     Three Months Ended
June 30		      Six Months Ended
June 30		  
     2011      2010      2011      2010  

Numerator:

            

Net income

    $ 6,007       $ 1,643       $ 11,019       $ 3,470   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Weighted averages shares outstanding

      27,548         27,343         27,538         27,344   

Assumed exercise of stock options

      290         307         275         289   
  

 

 

     

 

 

     

 

 

     

 

 

  
     27,838         27,650         27,813         27,633