NOTE
8. - EARNINGS PER SHARE
Basic
earnings per share are computed by dividing reported earnings
available to common shareholders by weighted average common
shares outstanding. Diluted earnings per share give
effect to dilutive potential common shares. Earnings per
share are calculated as follows (in thousands, except per
share data):
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|
|
Three
months ended
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|
|
Six
months ended
|
|
|
|
|
June
30,
|
|
|
June
30,
|
|
|
|
|
2013
|
|
|
2012
|
|
|
2013
|
|
|
2012
|
|
|
Basic
net loss per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss
|
|
$
|
(895
|
)
|
|
$
|
(1,122
|
)
|
|
$
|
(2,305
|
)
|
|
$
|
(2,051
|
)
|
|
Weighted
average common shares outstanding
|
|
|
7,000
|
|
|
|
6,982
|
|
|
|
7,003
|
|
|
|
6,948
|
|
|
Basic
net loss per share
|
|
$
|
(0.13
|
)
|
|
$
|
(0.16
|
)
|
|
$
|
(0.33
|
)
|
|
$
|
(0.30
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted
net loss per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss
|
|
$
|
(895
|
)
|
|
$
|
(1,122
|
)
|
|
$
|
(2,305
|
)
|
|
$
|
(2,051
|
)
|
|
Weighted
average common shares outstanding
|
|
|
7,000
|
|
|
|
6,982
|
|
|
|
7,003
|
|
|
|
6,948
|
|
|
Dilutive
stock options
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
Weighted
average common shares outstanding
–
assuming dilution
|
|
|
7,000
|
|
|
|
6,982
|
|
|
|
7,003
|
|
|
|
6,948
|
|
|
Diluted
net loss per share
|
|
$
|
(0.13
|
)
|
|
$
|
(0.16
|
)
|
|
$
|
(0.33
|
)
|
|
$
|
(0.30
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding
stock options that were not included in
the diluted calculation because their
effect would
be anti-dilutive
|
|
|
664
|
|
|
|
752
|
|
|
|
666
|
|
|
|
752
|
|
|