Earnings Per Common Share

6 Months Ended

Jun. 30, 2012

Earnings Per Common Share [Abstract]

Earnings Per Common Share

5. Earnings Per Common Share

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 June 30,						Six Months Ended June 30,
	2012			2011			2012		2011
Basic
Net (loss) income	$	(3,190	)	$	(2,765	)	$	656	$	(745	)
Weighted average shares outstanding		18,991			18,813			18,943		18,778
Basic earnings per common share	$	(0.17	)	$	(0.15	)	$	0.03	$	(0.04	)
Diluted
Net (loss) income	$	(3,190	)	$	(2,765	)	$	656	$	(745	)
Weighted average shares outstanding		18,991			18,813			18,943		18,778
Effect of dilutive securities
Stock options		—			—			2		—
Restricted stock		—			—			184		—
Weighted average common shares and potential dilutive shares		18,991			18,813			19,129		18,778
Diluted earnings per common share	$	(0.17	)	$	(0.15	)	$	0.03	$	(0.04	)