Per Common Share Data

9 Months Ended

Sep. 30, 2011

Per Common Share Data [Abstract]

Per Common Share Data

6. Per Common Share Data

We calculate basic earnings per common share data using the weighted average number of common shares outstanding during the period. Diluted per share data reflects the potential dilution that would occur if common stock equivalents were exercised or converted to common stock but only to the extent that they are considered dilutive to our earnings. The following table is a reconciliation of basic and diluted per share data for the following periods (dollars in thousands, except per share amounts):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Basic Loss
Net loss	$	(3,800	)	$	(8,440	)	$	(4,546	)	$	(13,292	)
Weighted average shares outstanding		18,838			18,703			18,798			18,672
Basic loss per common share	$	(0.20	)	$	(0.45	)	$	(0.24	)	$	(0.71	)
Diluted Loss
Net loss	$	(3,800	)	$	(8,440	)	$	(4,546	)	$	(13,292	)
Weighted average shares outstanding		18,838			18,703			18,798			18,672
Effect of dilutive securities
Stock options		—			—			—			—
Restricted stock		—			—			—			—
Weighted average common shares and potential dilutive shares		18,838			18,703			18,798			18,672
Diluted loss per common share	$	(0.20	)	$	(0.45	)	$	(0.24	)	$	(0.71	)

For the three and nine month periods ended September 30, 2011 and 2010, we excluded all outstanding stock options and restricted stock awards from the computation of our diluted earnings per share because the effect of these share-based awards was antidilutive due to our net loss. For the three and nine months ended September 30, 2011, the total number of outstanding options and restricted stock awards that were antidilutive was 705,487 and 447,841, respectively. For the three and nine months ended September 30, 2010, the total number of outstanding options and restricted stock awards that were antidilutive was 541,643 and 635,463, respectively.