Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 2 – Earnings Per Share

Basic earnings/(loss) per common share are calculated by dividing net income/(loss) available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted earnings/(loss) per common share are calculated by dividing net income/(loss) available to common stockholders by the weighted average number of common shares outstanding during the period, adjusted for the dilutive effect of stock-based awards and the warrant.  There is no dilutive effect on the loss per share during loss periods.  The following table provides information relating to the calculation of earnings/(loss) per common share:

	For the Three Months Ended					For the Six Months Ended
	June 30,					June 30,
(In thousands, except per share data)	2011			2010		2011			2010
Net (loss) income available to common shareholders	$	(233	)	$	445	$	(1,316	)	$	(1,117	)
Weighted average shares outstanding - Basic		8,446			8,443		8,445			8,440
Dilutive effect of stock-based awards and warrant		-			-		-			-
Weighted average shares outstanding - Diluted		8,446			8,443		8,445			8,440
(Loss) earnings per common share - Basic	$	(0.03	)	$	0.05	$	(0.16	)	$	(0.13	)
(Loss) earnings per common share - Diluted	$	(0.03	)	$	0.05	$	(0.16	)	$	(0.13	)

The calculations of diluted earnings/(loss) per share for the three and six months ended June 30, 2011 each excluded seven thousand weighted average stock-based awards and that portion of a warrant to purchase 173 thousand weighted average shares of common stock because the effect of including them would have been antidilutive.  The calculations of diluted earnings/(loss) per share for the three and six months ended June 30, 2010 each excluded nine thousand weighted average stock-based awards and that portion of a warrant to purchase 173 thousand weighted average shares of common stock because the effect of including them would have been antidilutive.