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Earnings Per Share
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

(3) EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding and the number of dilutive potential common share equivalents during the period, calculated using the if-converted and treasury-stock methods.

The calculation of basic and diluted earnings per share for 2011 and 2010 is as follows:

 

                 
    2011     2010  

BASIC

                

Net income applicable to common stockholders

   $ 1,564     $ 350  

Weighted average shares outstanding

     30,750,108       30,546,070  

Net income per share

   $ 0.05     $ 0.01  
     

DILUTED

                

Net income applicable to common stockholders

   $ 1,564     $ 350  

Weighted average shares outstanding

     30,750,108       30,546,070  

Dilutive securities

     228,180       158,667  

Weighted average shares outstanding, diluted

     30,978,288       30,704,737  

Net income per share, diluted

   $ 0.05     $ 0.01  

Potential common share equivalents as of December 31, 2011 and 2010 of 1,127,000 and 1,248,000, respectively, related to certain outstanding stock options and warrants, and were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive, as the option exercise prices exceeded the average market price of the Company’s common stock. The actual effect of these shares, if any, on the diluted earnings per share calculation may vary significantly depending on fluctuations in the stock price.