Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

5. EARNINGS PER SHARE

The following table sets forth the computation of net loss per basic and diluted share (net loss amounts in millions, share amounts in thousands, per share amounts in dollars):

	March 31, 2013			March 31, 2012
Net loss available to common shareholders (numerator)
Net loss from continuing operations	$	(2.0	)	$	(2.8	)
Net loss from discontinued operations		—			(0.1	)
Net loss	$	(2.0	)	$	(2.9	)
Weighted average shares outstanding (denominator)
Basic and diluted shares - continuing operations and discontinued operations		22,617			22,725
Non-vested restricted shares and restricted stock units impacting- income from discontinued operations		—			—
Diluted shares - continued and discontinued operations		22,617			22,725
Net loss per share—Basic and Diluted
Net loss from continuing operations	$	(0.09	)	$	(0.12	)
Net loss from discontinued operations		—			(0.01	)
Net loss	$	(0.09	)	$	(0.13	)

At March 31, 2013 and 2012, all outstanding stock options, all restricted shares, and all non-vested restricted stock units were anti-dilutive. Anti-dilutive shares were not included in the computations of diluted loss per share amounts in 2013 and 2012 for continuing operations. At March 31, 2013, the Company had 205,125 outstanding stock options and 66,912 non-vested restricted stock units.

The restricted stockholders do not have a contractual obligation to participate in the losses and the inclusion of such unvested shares in our basic and dilutive per share calculations would be anti-dilutive. The Company has not included these amounts in our weighted average number of common shares outstanding for periods in which it reported a net loss. The Company has not included 1,675,644 shares and 2,112,565 shares of unvested restricted stock that had a right to participate in dividends in our basic and dilutive calculations for the periods ended March 31, 2013 and 2012, respectively.