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Earnings Per Share
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share
8. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share data):

 

     Year Ended December 31,  
     2011     2010     2009  

Numerator:

       

Net loss

    $ (11,588 )    $ (10,066 )    $ (16,869 ) 
  

 

 

    

 

 

    

 

 

  

Denominator:

       

Basic weighted average shares outstanding

      15,388,456        15,187,028        15,061,603   

Effect of dilutive securities:

       

SARS and options

      —          —          —     

Restricted stock

      —          —          —     

Convertible notes

      —          —          —     
  

 

 

    

 

 

    

 

 

  

Diluted weighted average shares outstanding

      15,388,456        15,187,028        15,061,603   
  

 

 

    

 

 

    

 

 

  

Basic loss per share

    $ (0.75 )    $ (0.66 )    $ (1.12 ) 
  

 

 

    

 

 

    

 

 

  

Diluted loss per share

    $ (0.75 )    $ (0.66 )    $ (1.12 ) 
  

 

 

    

 

 

    

 

 

  

The Company has excluded the dilutive effect of stock options, stock appreciation rights, convertible notes and restricted stock for the years ended December 31, 2011, 2010 and 2009, due to a net loss for these periods.