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Earnings Per Share
3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
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
March 31,
 
     2012      2011  

Numerator:

                 

Net income

   $ 8,734       $ 5,012   
    

 

 

    

 

 

 

Denominator:

                 

Weighted averages shares outstanding

     27,624         27,596   

Assumed exercise of stock options

     675         255   
    

 

 

    

 

 

 
       28,299         27,851