Net Income Per Common Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Net Income Per Common Share

Net Income Per Common Share

Net income per common share, as shown on the Consolidated Statements of Income (Loss), is determined on the basis of the weighted average number of common shares outstanding during the periods as follows:

	2012	2011	2010
Weighted average common shares outstanding:
Basic	33,597,020	34,584,558	35,304,817
Dilutive effect of stock options and restricted stock	512,212	158,985	—
Weighted average common shares outstanding diluted	34,109,232	34,743,543	35,304,817

Options to purchase 212,000 and 1,105,229 shares of common stock that were outstanding at December 31, 2012 and 2011 were not included in the computation of diluted earnings per share as the exercise prices of these options was greater than the average market price of common shares. There were 58,555 dilutive common shares at December 31, 2010 excluded from the computation of the loss per common share due to the Company’s net loss for the year then ended.