| NET INCOME (LOSS) PER COMMON SHARE |
NOTE 16 - NET INCOME PER COMMON SHARE
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Year ended December 31, |
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2011 |
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2010 |
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2009 |
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Net income |
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$ |
8,430,314 |
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$ |
2,685,654 |
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$ |
6,627,451 |
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Basic earnings per common share: |
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Weighted average shares outstanding |
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23,992,538 |
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23,769,047 |
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23,727,995 |
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Per share amount |
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$ |
0.35 |
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$ |
0.11 |
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$ |
0.28 |
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Diluted earnings per common share: |
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Weighted average shares outstanding |
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24,267,289 |
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23,780,303 |
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23,800,449 |
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Per share amount |
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$ |
0.35 |
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$ |
0.11 |
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$ |
0.28 |
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Weighted average shares-denominator basic computation
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23,992,538 |
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23,769,047 |
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23,727,995 |
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Effect of dilutive stock options |
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274,751 |
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11,256 |
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72,454 |
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Weighted average shares, as adjusted denominator diluted computation
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24,267,289 |
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23,780,303 |
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23,800,449 |
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