Earnings Per Common Share

9 Months Ended

Sep. 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						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Basic Loss
Net loss	$	(3,549	)	$	(3,800	)	$	(2,893	)	$	(4,546	)
Weighted average shares outstanding		19,017			18,838			18,968			18,798
Basic loss per common share	$	(0.19	)	$	(0.20	)	$	(0.15	)	$	(0.24	)
Diluted Loss
Net loss	$	(3,549	)	$	(3,800	)	$	(2,893	)	$	(4,546	)
Weighted average shares outstanding		19,017			18,838			18,968			18,798
Effect of dilutive securities
Stock options		—			—			—			—
Restricted stock		—			—			—			—
Weighted average common shares and potential dilutive shares		19,017			18,838			18,968			18,798
Diluted loss per common share	$	(0.19	)	$	(0.20	)	$	(0.15	)	$	(0.24	)
Anti-dilutive options (excluded from diluted net loss per share computations)		489			705			363			448