Average Share Information

12 Months Ended

Dec. 31, 2012

Average Share Information

16. Average Share Information

The following table summarizes the reconciliation of denominators of the basic and diluted net loss per common share computations for the periods indicated.

	For the years ended December 31,
	2012			2011			2010
Weighted average common shares outstanding—basic		12,639,379			12,555,247			3,978,250
Dilutive impact resulting from potential common share issuances		—			—			—
Weighted average common shares outstanding—diluted		12,639,379			12,555,247			3,978,250
Per share data
Net loss—basic	$	(0.15	)	$	(1.86	)	$	(15.13	)
Net loss—diluted		(0.15	)		(1.86	)		(15.13	)

No potential common shares were included in the computation of the diluted loss per share amount for the years ended December 31, 2012, 2011 or 2010 as inclusion would be anti-dilutive given the Company’s net loss during the respective periods. In addition, there was no dilutive impact from stock options to be included in weighted average shares for the years ended December 31, 2012, 2011 or 2010 since there were no outstanding stock option awards for which the strike price exceeded the market price nor was there a dilutive impact from restricted stock to be included in weighted average shares for the periods since outstanding restricted stock awards were anti-dilutive or subject to performance conditions.

Reverse Stock Split

As disclosed in Note 1, Summary of Significant Accounting Policies, the Company completed a one-for-four reverse split of its common stock effective June 28, 2011.