NET INCOME (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2011

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE

4. NET INCOME (LOSS) PER SHARE

Basic net income (loss) per common share is computed on the basis of our weighted-average number of common shares outstanding.  Diluted earnings per share is computed on the basis of our weighted average number of common shares outstanding plus the effect of dilutive outstanding stock options and non-vested restricted stock using the treasury stock method.  Anti-dilutive securities totaling 2,177 and 2,352 for the years ended December 31, 2011 and 2010, respectively, were not included in our calculation due to our net loss position.  Anti-dilutive securities totaling 1,808 for the year ended December 31, 2009 were not included in our calculation because the stock options’ exercise prices were greater than the average market price of the common shares during such period.  Our basic and diluted net income (loss) per common share were as follows:

	Year Ended December 31,
	2011			2010			2009
(Loss) income from continuing operations	$	(26,462	)	$	(19,383	)	$	9
Income from discontinued operations, net of tax	—			—			4,640
Net (loss) income	$	(26,462	)	$	(19,383	)	$	4,649
Weighted average shares of common stock	15,084			14,903			14,792
Dilutive effect of stock options	—			—			45
Common stock and common stock equivalents	15,084			14,903			14,837
Basic net (loss) income per share from:
Continuing operations	$	(1.75	)	$	(1.30	)	$	0.00
Discontinued operations	—			—			0.31
Net (loss) income	$	(1.75	)	$	(1.30	)	$	0.31
Diluted net (loss) income per share from:
Continuing operations	$	(1.75	)	$	(1.30	)	$	0.00
Discontinued operations	—			—			0.31
Net (loss) income	$	(1.75	)	$	(1.30	)	$	0.31