Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2012

The following table sets forth the computation of basic and diluted EPS for the three and six months ended June 30:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
Numerator:
Net income	$	2,813,000	$	5,944,000	$	6,804,000	$	12,302,000

Denominator:
Weighted average shares of common stock outstanding		13,747,000		14,175,990		13,711,961		14,219,532
Effect of dilutive common stock equivalents		87,264		285,326		67,634		270,227

Weighted average diluted common shares outstanding	$	13,834,264	$	14,461,316	$	13,779,595	$	14,489,759

EPS:
Basic	$	0.20	$	0.42	$	0.50	$	0.87
Diluted	$	0.20	$	0.41	$	0.49	$	0.85