Quarterly report pursuant to sections 13 or 15(d)

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO

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NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO
 6 Months Ended
Jun. 30, 2013
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO. [Abstract]  
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO.
7. 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, 2013, and 2012, respectively.

         
Three Months Ended
  
   
Three Months Ended
June 30, 2013
    
June 30, 2012
(restated)
  
               
Per Share
                
Per Share
  
   
Income
    
Shares
    
Amount
    
Income
    
Shares
    
Amount
  
Basic Net Income per Share:
                                    
Net Income Attributable to Arabian American Development Co.
  
$
6,309
      
24,110
    
$
0.26
    
$
3,472
      
24,084
    
$
0.14
  
                                                 
Dilutive stock options outstanding
            
542
                      
677
          
                                                 
Diluted Net Income per Share:
                                                
Net Income Attributable to Arabian American Development Co.
  
$
6,309
      
24,652
    
$
0.26
    
$
3,472
      
24,761
    
$
0.14
  

         
Six Months Ended
  
   
Six Months Ended
June 30, 2013
    
June 30, 2012
(restated)
  
               
Per Share
                
Per Share
  
   
Income
    
Shares
    
Amount
    
Income
    
Shares
    
Amount
  
Basic Net Income per Share:
                                    
Net Income Attributable to Arabian American Development Co.
  
$
11,095
      
24,108
    
$
0.46
    
$
5,467
      
24,064
    
$
0.23
  
                                                 
Dilutive stock options outstanding
            
547
                      
698
          
                                                 
Diluted Net Income per Share:
                                                
Net Income Attributable to Arabian American Development Co.
  
$
11,095
      
24,655
    
$
0.45
    
$
5,467
      
24,762
    
$
0.22
  

At June 30, 2013, and 2012, 449,189 and 1,093,180 potential common stock shares were issuable upon the exercise of options.

The earnings per share calculations for the periods ended June 30, 2013, and 2012, include 300,000 shares of the Company that are held in the treasury of TOCCO.