Earnings per share (EPS)

3 Months Ended

Mar. 31, 2012

Earnings per share (EPS)

Note 9 - Earnings per share (EPS)

Basic EPS excludes dilution and is computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in earnings.

The weighted-average number of shares used in computing basic and diluted earnings per share is as follows:

	Earnings per share Calculation
	For the three months ended March 31,
	2012						2011
			Weighted						Weighted
	Net		Average		Per Share		Net		Average		Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic earnings	$	203,959		769,844	$	0.26	$	203,305		748,314	$	0.27
Effect of dilutive shares:
assumed exercise of
outstanding options				552		0.00				1,151		0.00
Diluted earnings	$	203,959		770,396	$	0.26	$	203,305		749,465	$	0.27