Earnings Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE

2. EARNINGS PER SHARE

The computations of basic and diluted earnings per share for the Company are as follows (in thousands, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Numerator:
Net income attributable to common shareholders	$	4,563	$	4,099	$	13,890	$	12,745
Denominator:
Denominator for basic earnings per share — weighted-average shares		11,827		11,886		11,778		11,824
Effect of dilutive securities —
Stock options		101		125		114		183
Denominator for diluted earnings per share — adjusted weighted-average shares		11,928		12,011		11,892		12,007
Earnings per share attributable to common shareholders:
Basic	$	0.39	$	0.35	$	1.18	$	1.08
Diluted	$	0.38	$	0.34	$	1.17	$	1.06

All options to purchase shares were included in the diluted earnings per share calculation for the three months and nine months ended September 30, 2012 and 2011 as the average market price of the common shares was above the exercise prices. The Company’s restricted stock issued is included in basic and diluted shares for the earnings per share computation from the date of grant.