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Earnings per share
 6 Months Ended
Jun. 30, 2013
Earnings per share [Abstract]  
Earnings per share
Note 6 — Earnings per share

Earnings per share are calculated in accordance with ASC Topic 260, which specifies the computation, presentation and disclosure requirements for earnings per share (EPS).  It requires the presentation of basic and diluted EPS.  Basic EPS excludes all dilution and is based upon the weighted average number of common shares outstanding during the period.  Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.

For the three and six months ended June 30, 2013 there was 474,000 and 579,000 respective, anti-dilutive stock options outstanding.  For the three and six months ended June 30, 2012, there were 652,000 and 647,000, respectively, anti-dilutive stock options outstanding.

The following is a reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations (in thousands, except per share data):
 

 
For the three months
 
 
 
ended June 30,
 
 
 
2013
  
2012
 
Income (loss) from continuing operations
 
$
248
  
$
(511
)
 
        
Basic:
        
Shares outstanding at beginning of period
  
15,161
   
15,088
 
Weighted average shares issued during the period, net
  
10
   
10
 
Weighted average common shares, basic
  
15,171
   
15,098
 
Earnings (loss) from continuing operations per common share, basic
 
$
0.02
  
$
(0.03
)
Diluted:
        
Weighted average common shares, basic
  
15,171
   
15,098
 
Dilutive impact of stock options and restricted stock awards
  
169
   
-
 
Weighted average common shares, diluted
  
15,340
   
15,098
 
Earnings (loss) from continuing operations per common share, diluted
 
$
0.02
  
$
(0.03
)

 
 
 
 

 
 
 
For the six months
 
 
 
ended June 30,
 
 
 
2013
  
2012
 
Income (loss) from continuing operations
 
$
(121
)
 
$
524
 
 
        
Basic:
        
Shares outstanding at beginning of period
  
15,151
   
15,051
 
Weighted average shares issued during the period, net
  
11
   
40
 
Weighted average common shares, basic
  
15,162
   
15,091
 
Earnings (loss) from continuing operations per common share, basic
 
$
(0.01
)
 
$
0.03
 
Diluted:
        
Weighted average common shares, basic
  
15,162
   
15,091
 
Dilutive impact of stock options and restricted stock awards
  
-
   
72
 
Weighted average common shares, diluted
  
15,162
   
15,163
 
Earnings (loss) from continuing operations per common share, diluted
 
$
(0.01
)
 
$
0.03