Forward Air Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements [Abstract]

7.	Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share:

	Three months ended				Six months ended
	June 30,		June 30,		June 30,		June 30,
	2011		2010		2011		2010
Numerator:
Numerator for basic and diluted income per share - net income	$	11,969	$	7,912	$	19,838	$	11,331

Denominator (in thousands):
Denominator for basic income per share - weighted-average shares		29,337		28,973		29,236		28,962
Effect of dilutive stock options and non-vested shares		514		146		382		131
Denominator for diluted income per share - adjusted weighted-average shares		29,851		29,119		29,618		29,093
Basic net income per share	$	0.41	$	0.27	$	0.68	$	0.39
Diluted net income per share	$	0.40	$	0.27	$	0.67	$	0.39

The number of options and non-vested shares that could potentially dilute net earnings per share in the future, but that were not included in the computation of income per diluted share because to do so would have been anti-dilutive for the periods presented, were approximately 642 and 2,659 at June 30, 2011 and 2010, respectively.