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NET INCOME PER SHARE
 12 Months Ended
Dec. 31, 2011
NET INCOME PER SHARE  
NET INCOME PER SHARE

NOTE 11: NET INCOME PER SHARE

        Basic net income per share is computed on the basis of weighted average outstanding common shares. Diluted net income per share is computed on the basis of basic weighted average outstanding common shares adjusted for the dilutive effect of stock options and convertible debt, if dilutive. The numerator of the diluted net income per share calculation is increased by the amount of interest expense, net of tax, related to outstanding convertible debt, and the allocation of net income to nonvested shares, if the net impact is dilutive.

        We have determined that our nonvested share awards (also referred to as restricted stock awards) are participating securities because they have non-forfeitable rights to dividends. Accordingly, basic net income per share is calculated under the two-class method calculation. In determining the number of diluted shares outstanding, we are required to disclose the more dilutive earnings per share result between the treasury stock method calculation and the two-class method calculation. For the years ended December 31, 2011, 2010 and 2009, the two-class method calculation was more dilutive.

        The computation of basic and diluted net income per share for the year ended December 31, 2011 was as follows:

 
   Year ended December 31, 2011  
 
   Net Income
(Numerator) 		  Weighted
Average
Common
Shares
Outstanding
(Denominator) 		  Per Share
Amount 		 
 
   (in thousands, except per share data)
  

Net income

   $ 12,080              

Less: amounts allocated to nonvested shares

     (139 )            
                   

Basic net income available to common stockholders

     11,941     35,186   $ 0.34  
                   

Effect of dilutive securities:

                    

Stock options

     —     1,320        

Add-back: amounts allocated to nonvested shares

     139     —        

Less: amounts re-allocated to nonvested shares

     (139 )   —        
                 

Diluted net income available to common stockholders

   $ 11,941     36,506   $ 0.33  
               

        The computation of basic and diluted net income per share for the years ended December 31, 2010 and 2009 was as follows:

 
   Year ended December 31, 2010   Year ended December 31, 2009  
 
   Net Income
(Numerator) 		  Weighted
Average
Common
Shares
Outstanding
(Denominator) 		  Per Share
Amount 		  Net Income
(Numerator) 		  Weighted
Average
Common
Shares
Outstanding
(Denominator) 		  Per Share
Amount 		 
 
   (in thousands, except per share data)
  

Net income

   $ 13,929               $ 14,595              

Less: amounts allocated to nonvested shares(1)

     (87 )               (57 )            
                                   

Basic net income available to common stockholders

     13,842     36,498   $ 0.38     14,538     35,895   $ 0.41  
                                   

Effect of dilutive securities:

                                      

Stock options

     —     1,092           —     1,729        

Convertible debt

     537     1,922           1,209     4,284        

Add-back: amounts allocated to nonvested shares(1)

     87     —           57     —        

Less: amounts re-allocated to nonvested shares

     (86 )   —           (56 )   —        
                               

Diluted net income available to common stockholders

   $ 14,380     39,512   $ 0.36   $ 15,748     41,908   $ 0.38  
                           

        For the years ended December 31, 2011, 2010, and 2009 weighted-average outstanding stock options totaling approximately 2.3 million, 3.1 million, and 2.4 million shares of common stock, respectively, were antidilutive and, therefore not included in the computation of diluted net income per share.