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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2012
Computation of Diluted Earning Per Common Share

The table which follows sets forth the manner in which diluted earnings (loss) per common share for the three and nine month periods ended September 30, 2012 and 2011 were calculated.

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2012      2011      2012     2011  
     (In thousands)  

Numerator:

          

Net earnings (loss)

   $ 307       $ 612       $ (534   $ 553   
  

 

 

    

 

 

    

 

 

   

 

 

 

Denominator:

          

Weighted average shares outstanding

     4,607         4,548         4,590        4,530   

Dilutive effect of stock options and non-vested restricted shares

     57         78         —          91   
  

 

 

    

 

 

    

 

 

   

 

 

 

Denominator for diluted net earnings (loss) per share

     4,664         4,626         4,590        4,621