NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO.

6 Months Ended

Jun. 30, 2011

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO. [Abstract]

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO.

6. NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO.

The following table (in thousands, except per share amounts) sets forth the computation of basic and diluted net income per share attributable to Arabian American Development Co. for the three and six months ended June 30, 2011, and 2010, respectively.

	Three Months Ended						Three Months Ended
	June 30, 2011						June 30, 2010
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income attributable to Arabian American Development Co.	$	159		23,990	$	0.01	$	2		23,751	$	0.00
Dilutive stock options outstanding				589						--
Diluted Net Income per Share:
Net Income attributable to Arabian  American Development Co.	$	159		24,579	$	0.01	$	2		23,751	$	0.00

	Six Months Ended						Six Months Ended
	June 30, 2011						June 30, 2010
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income attributable to Arabian American Development Co.	$	416		23,989	$	0.02	$	406		23,748	$	0.02
Dilutive stock options outstanding				658						--
Diluted Net Income per Share:
Net Income attributable to Arabian American Development Co.	$	416		24,647	$	0.02	$	406		23,748	$	0.02

At June 30, 2011, and 2010, 1,392,500 and 1,076,667 potential common stock shares were issuable upon the exercise of options.  Inclusion of the Company's options in diluted net income per share for the three and six months ended June 30, 2010 has an anti-dilutive effect because the average market price of the Company's common stock for the three and six months ended June 30, 2010, was less than the weighted average exercise price of the outstanding options.

The earnings per share calculations for the periods ended June 30, 2011, and 2010, include 300,000 shares of the Company that are held in the treasury of TOCCO.