Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2012

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

NOTE 8: EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share are computed by dividing net income (loss) applicable to common shares by the weighted average number of common shares outstanding during the period. Diluted earnings per share are computed by dividing net income (loss) applicable to common shares by the weighted average number of common shares adjusted to include the effect of potentially dilutive securities. Potentially dilutive securities include incremental shares issuable upon exercise of outstanding stock options and shares of unvested restricted stock. Diluted earnings per share exclude all dilutive securities if their effect is anti-dilutive.

The weighted average number of shares of common stock used in diluted earnings per share for the years ended December 31:

	2012 (1)	2011 (1)	2010
Weighted average shares of common stock
used in basic earnings per share	5,711,815	5,424,927	5,363,543
Effects of puttable common stock	-	10,922	-
Effects of stock options	-	-	24,621
Effects of restricted stock	-	-	19,830
	5,711,815	5,435,849	5,407,994

(1) Basic and diluted weighted average shares are the same for the year s ended December 31, 2012 and 2011 because the effects of the potentially diluted securities were anti-dilutive and they were excluded from the calculation.