EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic earnings per share is computed using the weighted average number of shares of common stock outstanding during the period. For diluted earnings per share, the weighted average number of shares includes common stock equivalents related to stock options and restricted stock. The following table presents the basis of the earnings per share computation (in thousands):

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2014		2013		2014		2013
Numerator for basic and diluted earnings per share:
Earnings from continuing operations	$	1,349	$	2,056	$	678	$	2,096
Gain from disposal of discontinued operation and income from    discontinued operations, net of tax	—		209		218		209
Net earnings applicable to common shareholders	$	1,349	$	2,265	$	896	$	2,305
Denominator:
Denominator for basic earnings per share — weighted average    shares	12,715		11,663		12,607		11,662
Assumed exercise of stock options	24		27		24		27
Assumed satisfaction of restricted stock conditions	81		64		78		60
Denominator for diluted earnings per share — adjusted weighted    average shares	12,820		11,754		12,709		11,749

Shares of certain stock-based awards totaling 45,033 and 49,166 were excluded from the calculation of diluted earnings per share for three months ended June 30, 2014 and 2013, respectively, as they were anti-dilutive. For the six months ended June 30, 2014 and 2013, there were 48,053 shares and 56,390 shares, respectively, of certain stock-based compensation awards excluded from the calculation of diluted earnings per share, as they were anti-dilutive.