EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE K – EARNINGS PER SHARE

Basic earnings per share represents net earnings divided by the weighted average shares outstanding. Diluted earnings per share represents net earnings divided by weighted average shares outstanding adjusted for the incremental dilution of outstanding stock options and awards.  A reconciliation of weighted average common shares outstanding to weighted average common shares outstanding assuming dilution for the periods presented follows (in thousands, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Net earnings	$	690	$	1,141	$	2,462	$	2,784
Weighted average common shares outstanding		29,752		33,442		32,304		33,400
Incremental common shares issuable under stock options and awards		631		285		607		366
Weighted average common shares outstanding assuming dilution		30,383		33,727		32,911		33,766
Earnings per share
Basic	$	0.02	$	0.03	$	0.08	$	0.08
Diluted	$	0.02	$	0.03	$	0.07	$	0.08

Diluted earnings per share does not include the effect of certain stock options and awards as their impact would be anti-dilutive.  Approximately 792,000 stock options and awards for both the three and nine months ended September 30, 2012 were not included in the diluted earnings per share calculation because their effect is antidilutive.  Approximately 1,413,000 and 1,077,000 stock options and awards for the three and nine months ended September 30, 2011, respectively, were not included in the diluted earnings per share calculation because their effect is antidilutive.