Quarterly report pursuant to sections 13 or 15(d)

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO

v2.4.0.6
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO
 6 Months Ended
Jun. 30, 2012
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO. [Abstract]  
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO.
6. NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO.

 
The following table (in thousands, except per share amounts) sets forth the computation of basic and diluted net income per share attributable to Arabian American Development Co. for the three and six months ended June 30, 2012, and 2011, respectively.

   
Three Months Ended
    
Three Months Ended
  
   
June 30, 2012
    
June 30, 2011
  
               
Per Share
                
Per Share
  
   
Income
    
Shares
    
Amount
    
Income
    
Shares
    
Amount
  
Basic Net Income per Share:
                                    
Net Income Attributable to Arabian American Development Co.
   $ 3,774       24,084     $ 0.16     $ 159       23,990     $ 0.01  
                                                 
Dilutive stock options outstanding
             677                       589          
                                                 
Diluted Net Income per Share:
                                                
Net Income Attributable to Arabian American Development Co.
   $ 3,774       24,761     $ 0.15     $ 159       24,579     $ 0.01  

   
Six Months Ended
    
Six Months Ended
  
   
June 30, 2012
    
June 30, 2011
  
               
Per Share
                
Per Share
  
   
Income
    
Shares
    
Amount
    
Income
    
Shares
    
Amount
  
Basic Net Income per Share:
                                    
Net Income Attributable to Arabian American Development Co.
   $ 5,982       24,064     $ 0.25     $ 416       23,989     $ 0.02  
                                                 
Dilutive stock options outstanding
             698                       659          
                                                 
Diluted Net Income per Share:
                                                
Net Income Attributable to Arabian American Development Co.
   $ 5,982       24,762     $ 0.24     $ 416       24,648     $ 0.02  

At June 30, 2012, and 2011, 1,093,180 and 1,392,500 potential common stock shares were issuable upon the exercise of options.

The earnings per share calculations for the periods ended June 30, 2012, and 2011, include 300,000 shares of the Company that are held in the treasury of TOCCO.