Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note K - Earnings Per Share

The following is a reconciliation of the denominators used in the calculation of basic and diluted earnings per share for the years ended December 31:

	2011		2010		2009
Average share outstanding for basic earnings per share		14,818,354		14,782,624		14,741,487
Dilutive effect of share equivalents		-		16,078		11,992
Average shares outstanding for diluted earnings per share		14,818,354		14,798,702		14,753,479

During 2011 the Company sustained a net loss.  Accordingly, the anti-dilutive effect of 19,983 shares was excluded from the calculation of the average shares outstanding.