Annual report pursuant to section 13 and 15(d)

NET INCOME PER COMMON SHARE (Tables)

v2.4.0.6
NET INCOME PER COMMON SHARE (Tables)
 12 Months Ended
Dec. 31, 2012
NET INCOME PER COMMON SHARE [Abstract]  
Net Income per Common Share

 
Year ended December 31,
 
 
2012
 
 
2011
 
 
2010
 
 
(thousands of dollars)
 
 (Restated – see Note 2)
 
 
 
 
 
 
 
 
 
Net income
 
$
11,398
 
 
$
13,884
 
 
$
2,075
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
 
24,081
 
 
 
23,993
 
 
 
23,769
 
 
 
 
 
 
 
 
 
 
 
 
 
Per share amount (dollars)
 
$
0.47
 
 
$
0.58
 
 
$
0.09
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
 
24,745
 
 
 
24,267
 
 
 
23,780
 
 
 
 
 
 
 
 
 
 
 
 
 
Per share amount (dollars)
 
$
0.46
 
 
$
0.57
 
 
$
0.09
 
Weighted average shares-denominator basic computation
 
 
24,081
 
 
 
23,993
 
 
 
23,769
 
Effect of dilutive stock options
 
 
664
 
 
 
274
 
 
 
11
 
Weighted average shares, as adjusted denominator diluted computation
 
 
24,745
 
 
 
24,267
 
 
 
23,780
 
 
 
At December 31, 2012, 2011, and 2010, 1,173,180, 1,347,750 and 1,076,667 potential common stock shares, respectively, were issuable upon the exercise of options.

The earnings per share calculations for the periods ended December 31, 2012, 2011, and 2010, include 300,000 shares of the Company that are held in the treasury of TOCCO.