Earnings Per Common Share

6 Months Ended

Jun. 30, 2012

Earnings Per Common Share [Abstract]

Earnings Per Common Share

Note B – Earnings Per Common Share

The following tables set forth the computations of basic and diluted earnings per common share for the three and six months ended June 30, 2012 and 2011 (in thousands, except per share data):

	Three Months Ended June 30,				Six Months Ended June 30,
Basic earnings per common share:	2012		2011		2012		2011
Numerator:
Net earnings	$	1,002	$	710	$	1,294	$	1,082
Denominator:
Weighted-average common shares outstanding		25,257		24,522		25,283		24,391
Basic earnings per common share	$	0.04	$	0.03	$	0.05	$	0.04
	Three Months Ended June 30,				Six Months Ended June 30,
Diluted earnings per common share:	2012		2011		2012		2011
Numerator:
Net earnings	$	1,002	$	710	$	1,294	$	1,082
Denominator:
Weighted-average common shares outstanding		25,257		24,522		25,283		24,391
Incremental shares from stock-based compensation plans		552		427		504		351
Denominator for diluted earnings per common share		25,809		24,949		25,787		24,742
Diluted earnings per common share	$	0.04	$	0.03	$	0.05	$	0.04

Weighted average shares outstanding excludes anti-dilutive shares underlying Performance Units related to the Company’s 2006 Management Incentive Plan and options that totaled 1.9 million shares for both the three and six month periods ended June 30, 2012 and 1.7 million for both the three and six month periods ended June 30, 2011. The number of common shares we used in the basic and diluted earnings per common share computations include nonvested restricted shares of 0.9 million for both the three and six months ended June 30, 2012 and 1.2 million for both the three and six months ended June 30, 2011, and nonvested restricted share units that we consider to be participating securities of 0.2 million for both the three and six months ended June 30, 2012 and 0.3 million for both the three and six months ended June 30, 2011.