Net Loss Per Share

3 Months Ended

Mar. 31, 2012

Net Loss Per Share [Abstract]

Net Loss Per Share

9. Net loss per share

Net loss per share is based upon the net loss divided by weighted average number of shares outstanding during the period. Net loss per share assuming dilution is based upon the net loss divided by 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 loss per share has been computed as follows (in thousands, except per-share amounts):

	Three months ended March 31,
	2012			2011
Loss from continuing operations, net of income taxes	$	(1,864	)	$	(1,719	)
Loss from discontinued operations, net of income taxes		—			(8	)
Net loss	$	(1,864	)	$	(1,727	)
Weighted average shares outstanding (basic and diluted)		8,847			8,809
Net loss per share (basic and diluted):
From continuing operations	$	(0.21	)	$	(0.20	)
From discontinued operations		—			—
Net loss per share	$	(0.21	)	$	(0.20	)

For the three months ended March 31, 2012, the effect of 112,694 restricted stock rights/units and options to purchase 263,098 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 March 31, 2011, the effect of 150,533 restricted stock rights/units and options to purchase 280,087 shares are excluded from the calculation of weighted average shares outstanding because such rights/units and options were anti-dilutive.