Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2013

Computation of basic and diluted earnings per share

The following table is the computation of basic and diluted earnings per share:


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
Basic Earnings Per Share computation:
Numerator:
Net income (loss) from continuing operations	$	187		$	445		$	2,139		($	111	)
Net loss from discontinued operations		(22	)		(774	)		(109	)		(1,098	)
Net income (loss)		165			(329	)		2,030			(1,209	)

Denominator:
Common shares outstanding		17,790			17,404			17,731			17,317

Earnings per common share - basic
Net income (loss) from continuing operations	$	0.01		$	0.03		$	0.12		($	0.01	)
Net loss from discontinued operations	($	0.00	)	($	0.04	)	($	0.01	)	($	0.06	)
Net income (loss)	$	0.01		($	0.02	)	$	0.11		($	0.07	)

Diluted Earnings Per Share computation:

Denominator:
Common shares outstanding		17,790			17,404			17,731			17,317
Restricted shares subject to vesting		213				*		170				*
Common stock option grants		72				*		72				*

Total shares		18,075			17,404			17,973			17,317

Earnings per common share - diluted
Net income (loss) from continuing operations	$	0.01		$	0.03		$	0.12		($	0.01	)
Net loss from discontinued operations	($	0.00	)	($	0.04	)	($	0.01	)	($	0.06	)
Net income (loss)	$	0.01		($	0.02	)	$	0.11		($	0.07	)

As denoted by “*” in the table above, the weighted average common stock option grants, performance shares and restricted shares of 229,000 and 389,000 for the three and six months ended June 30, 2012, respectively, were excluded from the calculations of diluted net loss per share since their effects are anti-dilutive.