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Net Loss Per Share
3 Months Ended
Mar. 31, 2013
Net Loss Per Share [Abstract]  
Net loss per share

8. 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. 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,
 
    2013     2012  

Loss from operations, net of income taxes

  $ (769   $ (1,864
   

 

 

   

 

 

 

Weighted average shares outstanding (basic and diluted)

    8,800       8,847  
   

 

 

   

 

 

 

Net loss per share (basic and diluted)

  $ (0.09   $ (0.21
   

 

 

   

 

 

 

For the three months ended March 31, 2013, the effect of 177,008 restricted stock rights/units and options to purchase 254,232 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, 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.