Quarterly report pursuant to sections 13 or 15(d)

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO.

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT CO.

9 Months Ended

Sep. 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 nine months ended September 30, 2011, and 2010, respectively.

	Three Months Ended						Three Months Ended
	September 30, 2011						September 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.	$	3,937		23,990	$	0.16	$	1,671		23,751	$	0.07

Dilutive stock options outstanding				552						--

Diluted Net Income per Share:
Net Income Attributable to Arabian American Development Co.	$	3,937		24,542	$	0.16	$	1,671		23,751	$	0.07

	Nine Months Ended						Nine Months Ended
	September 30, 2011						September 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.	$	4,353		23,989	$	0.18	$	2,076		23,749	$	0.09

Dilutive stock options outstanding				623						--

Diluted Net Income per Share:
Net Income Attributable to Arabian American Development Co.	$	4,353		24,612	$	0.18	$	2,076		23,749	$	0.09

At September 30, 2011, and 2010, 155,667 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 nine months ended September 30, 2010 has an anti-dilutive effect because the average market price of the Company's common stock for the three and nine months ended September 30, 2010, was less than the weighted average exercise price of the outstanding options.

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