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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

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

 

     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
     2013      2012     2013     2012  

Basic Earnings Per Share computation:

         

Numerator:

         

Net income from continuing operations

   $ 751       $ 688      $ 2,890      $ 577   

Net loss from discontinued operations

     0         (416     (109     (1,514

Net income (loss)

     751         272        2,781        (937

Denominator:

         

Common shares outstanding

     17,841         17,493        17,766        17,368   

Earnings per common share - basic

         

Net income from continuing operations

   $ 0.04       $ 0.04      $ 0.16      $ 0.03   

Net loss from discontinued operations

   $ 0.00       ($ 0.02   ($ 0.01   ($ 0.09

Net income (loss)

   $ 0.04       $ 0.02      $ 0.16      ($ 0.05

Diluted Earnings Per Share computation:

         

Denominator:

         

Common shares outstanding

     17,841         17,493        17,766        17,368   

Restricted shares subject to vesting

     333         214        227        *   

Performance shares subject to vesting

     65         71        65        *   

Common stock option grants

     115         1        35        *   
  

 

 

    

 

 

   

 

 

   

 

 

 

Total shares

     18,354         17,779        18,093        17,368   

Earnings per common share - diluted

         

Net income from continuing operations

   $ 0.04       $ 0.04      $ 0.16      $ 0.03   

Net loss from discontinued operations

   $ 0.00       ($ 0.02   ($ 0.01   ($ 0.09

Net income (loss)

   $ 0.04       $ 0.02      $ 0.15      ($ 0.05

 

* As denoted by “*” in the table above, the weighted average common stock option grants, performance shares and restricted shares of 384,000 for the nine months ended September 30, 2012 were excluded from the calculations of diluted net loss per share since their effects are anti-dilutive.