Earnings per Share
|6 Months Ended|
Jun. 30, 2012
|Earnings per Share|
Note 3 - Earnings per Share:
Earnings per share are computed based upon the weighted average number of shares of common stock outstanding during the three and six month periods. Diluted earnings per share are computed assuming that average stock options and warrants outstanding are exercised and the proceeds, including the relevant tax benefit, are used entirely to reacquire shares at the average price for the period. For the three months ended June 30, 2012 and 2011, 262,874 and 326,682 options were not considered, as they were not dilutive, and for the six months ended June 30, 2012 and 2011, 273,555 and 399,160 options were not considered, as they were not dilutive. The following table presents the numbers of shares used to compute basic and diluted earnings per share for the indicated periods:
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/presentationRef