Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2012

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

(10) EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share excludes any dilution and is computed by dividing net earnings (loss) available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock resulted in the issuance of common stock. If the common stock equivalents have an anti-dilutive effect, they are excluded from the computation of diluted earnings (loss) per share. The earnings or loss per share for the three months ending March 31, 2012 and 2011 follows:

	Three Months Ended March 31
	2012		2011
	(In Thousands, Except Share Data)
Net earnings (loss)	$	339	$	(819	)
Weighted-average shares outstanding
Basic		6,562,162		6,485,997
Diluted		6,579,924		6,485,997
Basic earnings (loss) per share	$	0.05	$	(0.13	)
Diluted earnings (loss) per share	$	0.05	$	(0.13	)

Incremental shares of common stock issuable upon the exercise of stock options totaling 17,762 shares were included in the fully diluted earnings per share for the three months ending March 31, 2012. Incremental shares were not included in the fully diluted earnings per share for the three months ending March 31, 2011 because the exercise price of the options exceeded the market price. Stock options to purchase 145,500 shares of the 362,950 available shares were excluded when calculating the fully diluted earnings per share for the three months ending March 31, 2012 because the exercise price of the options exceeded the market price.