EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2011

EARNINGS PER COMMON SHARE [Abstract]

EARNINGS PER COMMON SHARE

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



	Three Months Ended September 30, 2011		Nine Months Ended September 30, 2011
Numerator
Net income	$	2,344	$	5,678

Denominator
Basic weighted average common shares	32,986,657		27,797,411
Dilutive stock options and restricted stock units	62,964		94,279

Diluted weighted average common shares	33,049,621		27,891,690


Basic earnings per common share	$	0.07	$	0.20

Diluted earnings per common share	$	0.07	$	0.20

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 nine months ended September 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.