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NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO.
9 Months Ended
Sep. 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 nine months ended September 30, 2011, and 2010, respectively.

   
Three Months Ended
  
Three Months Ended
 
   
September 30, 2011
  
September 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.
 $3,937   23,990  $0.16  $1,671   23,751  $0.07 
                          
Dilutive stock options outstanding
      552           --     
                          
Diluted Net Income per Share:
                        
Net Income Attributable to Arabian American Development Co.
 $3,937   24,542  $0.16  $1,671   23,751  $0.07 
 
   
Nine Months Ended
  
Nine Months Ended
 
   
September 30, 2011
  
September 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.
 $4,353   23,989  $0.18  $2,076   23,749  $0.09 
                          
Dilutive stock options outstanding
      623           --     
                          
Diluted Net Income per Share:
                        
Net Income Attributable to Arabian American Development Co.
 $4,353   24,612  $0.18  $2,076   23,749  $0.09 

At September 30, 2011, and 2010, 155,667 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 nine months ended September 30, 2010 has an anti-dilutive effect because the average market price of the Company's common stock for the three and nine months ended September 30, 2010, was less than the weighted average exercise price of the outstanding options.

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