BASIC AND DILUTED NET EARNINGS PER SHARE |
9 Months Ended |
|---|---|
Sep. 30, 2011 | |
| BASIC AND DILUTED NET EARNINGS PER SHARE |
NOTE 11. BASIC AND DILUTED NET EARNINGS PER SHARE Basic net earnings per share has been computed using the weighted average number of Class A and Class B shares of common stock outstanding during the period. Diluted net earnings per share is computed using the weighted average number of shares of Class A and Class B common stock outstanding during the period plus the dilutive effects of stock options.
Options to purchase 1,250,999 and 1,707,025 shares of Class A common stock were outstanding at September 30, 2010 and 2011, respectively. Also outstanding on September 30, 2010 were unvested restricted stock shares of 10,000. Diluted weighted average shares outstanding exclude outstanding stock options whose exercise price is in excess of the average price of the company’s stock price. These options are excluded from the respective computations of diluted net income or loss per share because their effect would be anti-dilutive. As of September 30, 2010 and 2011, there were 465,370 and 200,108 dilutive shares, respectively. |