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
 9 Months Ended
Sep. 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 nine months ended September 30, 2012, and 2011, respectively.
 
Three Months Ended
September 30, 2012
 
 
Three Months Ended
September 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.
 
$
3,532
 
 
 
24,091
 
 
$
0.15
 
 
$
3,937
 
 
 
23,990
 
 
$
0.16
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dilutive stock options outstanding
 
 
 
 
 
 
662
 
 
 
 
 
 
 
 
 
 
 
552
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted Net Income per Share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income Attributable to Arabian American Development Co.
 
$
3,532
 
 
 
24,753
 
 
$
0.14
 
 
$
3,937
 
 
 
24,542
 
 
$
0.16
 

 
Nine Months Ended
 September 30, 2012
 
 
Nine Months Ended
 September 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.
 
$
9,514
 
 
 
24,073
 
 
$
0.40
 
 
$
4,353
 
 
 
23,990
 
 
$
0.18
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dilutive stock options outstanding
 
 
 
 
 
 
686
 
 
 
 
 
 
 
 
 
 
 
622
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted Net Income per Share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income Attributable to Arabian American Development Co.
 
$
9,514
 
 
 
24,759
 
 
$
0.38
 
 
$
4,353
 
 
 
24,612
 
 
$
0.18
 

At September 30, 2012, and 2011, 1,073,180 and 155,667 potential common stock shares, respectively, were issuable upon the exercise of options.

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