Note 5 - Earnings Per Common Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

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 (in thousands, except per share amounts):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013		2012
Basic
Net (loss) income	$	(1,560	)	$	(3,549	)	$	108	$	(2,893	)
Weighted average shares outstanding		19,241			19,017			19,182		18,968
Basic (loss) earnings per common share	$	(0.08	)	$	(0.19	)	$	0.01	$	(0.15	)
Diluted
Net (loss) income	$	(1,560	)	$	(3,549	)	$	108	$	(2,893	)
Weighted average shares outstanding		19,241			19,017			19,182		18,968
Effect of dilutive securities
Restricted stock		-			-			150		-
Weighted average common shares and potential dilutive shares		19,241			19,017			19,332		18,968
Diluted (loss) earnings per common share	$	(0.08	)	$	(0.19	)	$	0.01	$	(0.15	)
Anti-dilutive options (excluded from diluted net (loss) earnings per share computations)		139			489			166		363
Anti-dilutive restricted stock units (excluded from diluted net (loss) earnings per share computations)		38			-			25		-