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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Computation of Basic and 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 six month periods ended June 30, 2013 and 2012 were calculated.

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2013      2012      2013      2012  
     (In thousands)  

Numerator:

           

Net earnings (loss)

   $ 1,097       $ 504       $ 158       $ (841
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

           

Weighted average shares outstanding(1)

     4,700         4,605         4,662         4,582   

Dilutive effect of stock options and non-vested restricted shares

     75         66         70         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for diluted net earnings (loss) per share

     4,775         4,671       $ 4,732       $ 4,582   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Does not include unvested restricted shares.