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Earnings Per Share
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

(6) 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 2012 and 2011 is as follows:

 

                 
    2012     2011  

BASIC

               

Net income applicable to common stockholders

  $ 1,553     $ 1,564  

Weighted average shares outstanding—basic

    31,062,428       30,750,108  

Net income per share—basic

  $ 0.05     $ 0.05  

DILUTED

               

Net income applicable to common stockholders

  $ 1,553     $ 1,564  

Weighted average shares outstanding—basic

    31,062,428       30,750,108  

Dilutive securities

    159,698       228,180  

Weighted average shares outstanding, diluted

    31,222,126       30,978,288  

Net income per share, diluted

  $ 0.05     $ 0.05  

Potential common share equivalents as of December 31, 2012 and 2011 of 906,500 and 1,127,000, 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.