Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

A reconciliation of the components of basic and diluted net income per common share is presented in the table below:
 
 
For the Three Months Ended September 30,
 
2012
 
2011
 
Income
 
Shares
 
Per
Share
 
Income
 
Shares
 
Per
Share
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
502,000

 
55,692,664

 
$
0.01

 
$
29,009,000

 
50,407,240

 
$
0.58

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options and restricted stock awards

 
599,128

 
 
 

 
498,722

 
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
502,000

 
56,291,792

 
$
0.01

 
$
29,009,000

 
50,905,962

 
$
0.57


 
For the Nine Months Ended September 30,
 
2012
 
2011
 
2012
 
Shares
 
Per
Share
 
Income
 
Shares
 
Per
Share
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
52,488,000

 
55,658,507

 
$
0.94

 
$
77,448,000

 
47,549,672

 
$
1.63

Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options and restricted stock awards

 
516,074

 
 
 

 
458,696

 
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
52,488,000

 
56,174,581

 
$
0.93

 
$
77,448,000

 
48,008,368

 
$
1.61




There were no potential shares of common stock that were considered anti-dilutive during the three months and nine months ended September 30, 2012 and 2011.