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.
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.