Earnings (Loss) Per Common Share

6 Months Ended

Jun. 30, 2011

Earnings (Loss) Per Common Share [Abstract]

Earnings (Loss) Per Common Share

Note B - Earnings (Loss) Per Common Share

     The following tables set forth the computations of basic and diluted earnings (loss) per common share for the three and six months ended June 30, 2011 and 2010 (in thousands, except per share data):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Basic earnings (loss) per common share:
Numerator:
Net earnings (loss)	$	710	$	35	$	1,082	$	(3,400	)
Denominator:
Weighted-average common shares outstanding		24,522		23,624		24,391		23,575
Basic earnings (loss) per common share	$	0.03	$	0.00	$	0.04	$	(0.14	)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Diluted earnings (loss) per common share:
Numerator:
Net earnings (loss)	$	710	$	35	$	1,082	$	(3,400	)
Denominator:
Weighted-average common shares outstanding		24,522		23,624		24,391		23,575
Incremental shares from stock-based compensation plans		427		182		351		—
Denominator for diluted earnings (loss) per common share		24,949		23,806		24,742		23,575
Diluted earnings (loss) per common share	$	0.03	$	0.00	$	0.04	$	(0.14	)

     For the three and six months ended June 30, 2011, options to purchase 1.7 million shares of common stock were excluded from the computation of diluted earnings (loss) per common share because the options’ exercise prices were greater than the average market price of the common shares during the period and were therefore antidilutive. For the three months ended June 30, 2010, options to purchase 1.9 million shares of common stock were excluded from the computation of diluted earnings (loss) per common share because the options’ exercise prices were greater than the average market price of the common shares during the period and were therefore antidilutive. For the six months ended June 30, 2010, 89,662 Performance Units related to the Company’s 2006 Management Incentive Plan and options to purchase 2.3 million shares of common stock were excluded from the computation of diluted earnings (loss) per common share due to their antidilutive effect to loss per common share. We consider nonvested restricted shares and nonvested restricted share units to be participating securities, thus for the three and six months ended June 30, 2011 and 2010, 1.2 million nonvested restricted shares and 0.3 million nonvested restricted share units were included in our basic and diluted earnings (loss) per share calculations.