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Earnings Per Share (Tables)
9 Months Ended
Sep. 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 nine month periods ended September 30, 2013 and 2012 were calculated.

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2013      2012      2013      2012  
     (In thousands)  

Numerator:

           

Net earnings (loss)

   $ 487       $ 307       $ 645       $ (534
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

           

Weighted average shares outstanding(1)

     4,712         4,607         4,679         4,590   

Dilutive effect of stock options and non-vested restricted shares

     92         57         81         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for diluted net earnings (loss) per share

     4,804         4,664         4,760         4,590   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) Does not include unvested restricted shares.