Income (Loss) Per Share

6 Months Ended

Jun. 30, 2011

Income (Loss) Per Share

Income (Loss) Per Share

11. Income (loss) per share

Net income (loss) per share is based upon the weighted average number of shares outstanding during the period. Net income (loss) per share assuming dilution is based upon the weighted average number of shares and share equivalents outstanding, including the potentially dilutive impact of stock options and restricted stock rights/units issued under the Company's incentive plans. Common stock options and restricted stock rights/units are converted using the treasury stock method.

Basic and diluted net income (loss) per share has been computed as follows (in thousands, except per-share amounts):

	Three months ended June 30,				Six months ended June 30,
	2011		2010		2011		2010
Income (loss) from continuing operations, net of income taxes	$	3,542	$	281	$	1,823	$	(1,874	)
Income from discontinued operations, net of income taxes		74		47		66		23
Net income (loss)	$	3,616	$	328	$	1,889	$	(1,851	)
Weighted average shares outstanding		8,834		8,798		8,822		8,793
Weighted effect of dilutive options and rights		61		32		70		—
Weighted average shares outstanding assuming dilution		8,895		8,830		8,892		8,793
Net income (loss) per share:
From continuing operations	$	0.40	$	0.03	$	0.21	$	(0.21	)
From discontinued operations		0.01		0.01		0.01		—
Net income (loss) per share	$	0.41	$	0.04	$	0.21	$	(0.21	)
Net income (loss) per share assuming dilution:
From continuing operations	$	0.40	$	0.03	$	0.21	$	(0.21	)
From discontinued operations		0.01		0.01		0.01		—
Net income (loss) per share	$	0.41	$	0.04	$	0.21	$	(0.21	)

For the three months ended June 30, 2011, the effect of zero restricted stock rights/units and options to purchase 212,709 shares are excluded from the calculation of weighted average shares outstanding because such rights/units and options were anti-dilutive. For the six months ended June 30, 2011, the effect of 380 restricted stock rights/units and options to purchase 212,100 shares are excluded from the calculation of weighted average shares outstanding because such rights/units and options were anti-dilutive.

For the three months ended June 30, 2010, the effect of 2,908 restricted stock rights/units and options to purchase 256,821 shares are excluded from the calculation of weighted average shares outstanding because such rights/units and options were anti-dilutive. For the six months ended June 30, 2010, the effect of 145,230 restricted stock rights/units and options to purchase 285,471 shares are excluded from the calculation of weighted average shares outstanding because such rights/units and options were anti-dilutive.