EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 30, 2011

EARNINGS PER COMMON SHARE [Abstract]

Earnings Per Share [Text Block]

EARNINGS PER COMMON SHARE

The following table illustrates the computation of basic and diluted earnings per share for the three and six months ended June 30, 2011 (in thousands, except share and per share amounts):

	Three Months Ended June 30, 2011		Six Months Ended June 30, 2011
Numerator
Net income	$	2,087	$	3,335
Denominator
Basic weighted average common shares	25,154,284		25,140,781
Dilutive stock options and restricted stock units	71,895		69,794
Diluted weighted average common shares	25,226,179		25,210,575
Basic earnings per common share	$	0.08	$	0.13
Diluted earnings per common share	$	0.08	$	0.13

Restricted stock and certain of the Company’s performance restricted stock units are considered participating securities which require the use of the two-class method when computing basic and diluted earnings per share. During both the three and six months ended June 30, 2011, approximately 0.3 million restricted stock units and options to purchase approximately 0.4 million shares were not included because they were anti-dilutive.