Earnings (Loss) Per Common Share

9 Months Ended

Sep. 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 nine months ended September 30, 2011 and 2010 (in thousands, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
Basic earnings (loss) per common share:	2011		2010		2011		2010
Numerator:
Net earnings (loss)	$	422	$	2,561	$	1,504	$	(839	)
Denominator:
Weighted-average common shares outstanding		24,744		24,218		24,510		23,798
Basic earnings (loss) per common share	$	0.02	$	0.11	$	0.06	$	(0.04	)

	Three Months Ended September 30,				Nine Months Ended September 30,
Diluted earnings (loss) per common share:	2011		2010		2011		2010
Numerator:
Net earnings (loss)	$	422	$	2,561	$	1,504	$	(839	)
Denominator:
Weighted-average common shares outstanding		24,744		24,218		24,510		23,798
Incremental shares from stock-based compensation plans		469		170		391		—
Denominator for diluted earnings (loss) per common share		25,213		24,388		24,901		23,798
Diluted earnings (loss) per common share	$	0.02	$	0.11	$	0.06	$	(0.04	)

For the three and nine months ended September 30, 2011, options to purchase 1.9 million shares of common stock were excluded from the computation of diluted earnings 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 September 30, 2010, options to purchase 1.8 million shares of common stock were excluded from the computation of diluted earnings 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 nine months ended September 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 each of the three and nine months ended September 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.