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, 2011
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, 2011, and 2010, respectively.

   
Three Months Ended
    
Three Months Ended
  
   
June 30, 2011
    
June 30, 2010
  
               
Per Share
                
Per Share
  
   
Income
    
Shares
    
Amount
    
Income
    
Shares
    
Amount
  
Basic Net Income per Share:
                                    
Net Income attributable to Arabian American Development Co.
   $ 159       23,990     $ 0.01     $ 2       23,751     $ 0.00  
                                                 
Dilutive stock options outstanding
             589                       --          
                                                 
Diluted Net Income per Share:
                                                
Net Income attributable to Arabian  American Development Co.
   $ 159       24,579     $ 0.01     $ 2       23,751     $ 0.00  

   
Six Months Ended
    
Six Months Ended
  
   
June 30, 2011
    
June 30, 2010
  
               
Per Share
                
Per Share
  
   
Income
    
Shares
    
Amount
    
Income
    
Shares
    
Amount
  
Basic Net Income per Share:
                                    
Net Income attributable to Arabian American Development Co.
   $ 416       23,989     $ 0.02     $ 406       23,748     $ 0.02  
                                                 
Dilutive stock options outstanding
             658                       --          
                                                 
Diluted Net Income per Share:
                                                
Net Income attributable to Arabian American Development Co.
   $ 416       24,647     $ 0.02     $ 406       23,748     $ 0.02  

At June 30, 2011, and 2010, 1,392,500 and 1,076,667 potential common stock shares were issuable upon the exercise of options.  Inclusion of the Company's options in diluted net income per share for the three and six months ended June 30, 2010 has an anti-dilutive effect because the average market price of the Company's common stock for the three and six months ended June 30, 2010, was less than the weighted average exercise price of the outstanding options.

The earnings per share calculations for the periods ended June 30, 2011, and 2010, include 300,000 shares of the Company that are held in the treasury of TOCCO.