Earnings (Loss) per Share

12 Months Ended

Dec. 31, 2012

Earnings (Loss) per Share

NOTE I: EARNINGS (LOSS) PER SHARE

We calculate basic earnings (loss) per share (EPS) of our common stock for any period by dividing the Company’s net earnings (loss) by the weighted-average number of common shares outstanding for that period. The calculation of diluted EPS assumes the issuance of common stock for all potentially dilutive share equivalents outstanding. Outstanding stock options and restricted shares were not considered to be dilutive securities for the year ended December 31, 2012 due to the net loss incurred by the Company in 2012. Set forth below are the computations of basic and diluted earnings (loss) per share for each of the following periods:

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Numerator:
Net earnings (loss)	$	(2,014	)	$	(886	)	$	152
Denominator:
Weighted average shares outstanding		4,597			4,535			4,475
Dilutive effect of stock options and restricted shares		—			—			99
Denominator for diluted earnings (loss) per share		4,597			4,535			4,574