Earnings Per Common Share Computations

3 Months Ended

Mar. 31, 2012

Earnings Per Common Share Computations [Abstract]

Earnings Per Common Share Computations

NOTE 8 — EARNINGS PER COMMON SHARE COMPUTATIONS

The following is a reconciliation of the numerator and denominator of the earnings per common share computations (in thousands, except per share data):

	Three Months Ended
	March 31,
	2012			2011
Numerator for basic earnings (loss) from continuing operations per common share:
Earnings (loss) from continuing operations	$	1,354		$	(3,186	)
Earnings from continuing operations allocated to participating securities		(24	)		—
Numerator for basic earnings (loss) from continuing operations per common share	$	1,330		$	(3,186	)
Numerator for basic earnings (loss) per common share:
Net earnings (loss)	$	1,353		$	(3,185	)
Net earnings allocated to participating securities		(24	)		—
Numerator for basic net earnings (loss) per common share	$	1,329		$	(3,185	)
Numerator for diluted earnings (loss) per common share:
Earnings (loss) from continuing operations	$	1,354		$	(3,186	)
Discontinued operations, net of income taxes		(1	)		1
Net earnings (loss)	$	1,353		$	(3,185	)
Denominator for net earnings (loss) per common share:
Basic		16,903			16,358
Plus dilutive effect of stock options		222			—
Plus dilutive effect of participating securities		308			—
Diluted		17,433			16,358
Net earnings (loss) per common share:
Basic	$	0.08		$	(0.19	)
Diluted	$	0.08		$	(0.19	)

Options to purchase approximately 18,000 shares related to the participating security for the three months ended March 31, 2011 was excluded from the computation of diluted loss per common share since its effect was antidilutive because of the net loss from continuing operations for the period.