Net Income (Loss) per Common Share

6 Months Ended

Jun. 30, 2012

Net Income (Loss) per Common Share [Abstract]

Net Income (Loss) per Common Share

(5) Net Income (Loss) per Common Share

Basic net income (loss) per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share incorporates the dilutive effect of common stock equivalent options, warrants and other convertible securities, if any, as determined with the treasury stock accounting method. Common stock equivalents related to options and restricted stock awards for 1,075,765 and 582,553 shares of common stock for the three months ended June 30, 2012 and 2011, respectively, have been excluded from the fully diluted calculation of net income per share, as inclusion would be anti-dilutive. The Company has excluded all outstanding stock options and non-vested restricted shares from the calculation of diluted earnings per share for the six months ended June 30, 2012 and 2011 because the net loss causes these outstanding stock options and non-vested restricted shares to be anti-dilutive.

A reconciliation of the basic and diluted weighted average common shares outstanding is as follows:

	Three months ended June 30,				Six months ended June 30,
	2012		2011		2012		2011
Weighted average common shares outstanding—basic		14,776,239		14,901,495		14,690,591		14,825,091
Dilutive common shares issuable in connection with stock plans		110,309		298,405		—		—
Weighted average common shares outstanding—diluted		14,886,548		15,199,900		14,690,591		14,825,091