Net Income Per Share

3 Months Ended

Sep. 30, 2011

Net Income Per Share

Net Income Per Share

NOTE 3.   NET INCOME PER SHARE

Basic net income per share is computed by dividing the net income by the weighted average number of shares of the Company's outstanding common stock, $.01 par value per share ("Common Stock"). The calculation of net income per diluted share is similar to basic net income per share except that the denominator includes potentially dilutive Common Stock equivalents, such as stock options and non-vested restricted stock or restricted stock units.

The following table represents the computation of net income per share:

(Amounts in thousands, except per share data)			Three Months Ended
			September 30,		September 30,
			2011		2010
Basic
	Net income		$	9,232	$	4,887
	Weighted average shares outstanding			28,746		27,027
	Net income per basic share		$	0.32	$	0.18
Diluted
	Net income		$	9,232	$	4,887
	Weighted average shares outstanding			28,746		27,027
	Potential common shares - treasury method			1,045		937
	Weighted average shares and potential dilutive shares			29,791		27,964
		Net income per diluted share	$	0.31	$	0.17

The following table shows the number of Common Stock equivalents for the three months ended September 30, 2011 and 2010 that were not included in the diluted net income per share calculation because to do so would have been anti-dilutive:

(Amounts in thousands)	Three Months Ended
	September 30,		September 30,
	2011		2010
Number of shares		145		1,490