NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO

3 Months Ended

Mar. 31, 2012

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 months ended March 31, 2012, and 2011, respectively.

	Three Months Ended						Three Months Ended
	March 31, 2012						March 31, 2011
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income Attributable to Arabian American Development Co.	$	2,208		24,043	$	0.09	$	257		23,988	$	0.01
Dilutive stock options outstanding				934						728
Diluted Net Income per Share:
Net Income Attributable to Arabian American Development Co.	$	2,208		24,977	$	0.09	$	257		24,716	$	0.01

At March 31, 2012, and 2011, 285,415 and 184,667 potential common stock shares were issuable upon the exercise of options.

The earnings per share calculations for the periods ended March 31, 2012, and 2011, include 300,000 shares of the Company that are held in the treasury of TOCCO.