Earnings per Share

9 Months Ended

Sep. 30, 2011

Note 10: Earnings per Share

Basic earnings per share is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common shares equivalents, when dilutive. There are no adjustments to net income necessary in the calculation of basic and diluted earnings per share.

	Nine months ended September 30,				Three months ended September 30,
	(unaudited)				(unaudited)
	2010		2011		2010		2011
Weighted average shares outstanding		14,475		17,443		15,721		17,508
Dilutive stock options		—		287		—		270
Dilutive warrants		—		10		—		32
Dilutive weighted average shares outstanding		14,475		17,740		15,721		17,810

Stock options that could potentially dilute basic earnings per share in the future, which were not included in the fully diluted computation because grant prices were greater than the average market price of common shares for were approximately 965 and 523 for the nine and three month periods ended September 30, 2011, respectively.