XML 53 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share
 6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

(4) EARNINGS PER SHARE

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

 

The calculation of basic and diluted earnings per share for the three and six months ended June 30, 2012 and 2011 is as follows:

 

                                 
    Three months ended
June 30,		     Six months ended
June 30,		  
    2012     2011     2012     2011  

Basic:

                                

Net income

   $ 473     $ 484     $ 793     $ 374  

Weighted average shares outstanding – basic

     31,091,900       30,756,717       30,986,478       30,694,216  

Net income per share – basic

   $ 0.02     $ 0.02     $ 0.03     $ 0.01  

Diluted:

                                

Net income

   $ 473     $ 484     $ 793     $ 374  

Weighted average shares outstanding – basic

     31,091,900       30,756,717       30,986,478       30,694,216  

Dilutive securities

     157,207       268,761       156,398       262,990  

Weighted average shares outstanding – diluted

     31,249,107       31,025,478       31,142,876       30,957,206  

Net income per share – diluted

   $ 0.02     $ 0.02     $ 0.03     $ 0.01  

Potential common share equivalents as of June 30, 2012 and June 30, 2011 of 1,041,000 and 1,120,500, respectively, related to certain outstanding stock options 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 effect of these shares, if any, on the diluted earnings per share calculation may vary significantly depending on fluctuations in the stock price.