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Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2011
Net Income (Loss) Per Share [Abstract]  
Net Income (Loss) Per Share

NOTE 17—NET INCOME (LOSS) PER SHARE

Basic net loss per common share has been computed using the weighted-average number of shares of common stock outstanding during the period. As a result of the Company's net losses, for the years ended December 31, 2011, 2010, and 2009, all common stock equivalents aggregating 1,189, 1,048, and 770 shares respectively, were excluded from the calculation of diluted loss per share given their anti-dilutive effect.

 

     Year ended December 31,  
     2011     2010     2009  

Weighted average shares outstanding

     12,956        12,886        12,852   

Less: restricted stock issued

     (149     (135     (174
  

 

 

   

 

 

   

 

 

 

Basic divisor

     12,807        12,751        12,678   

Dilutive Shares:

      

Stock Options

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Diluted divisor

     12,807        12,751        12,678   
  

 

 

   

 

 

   

 

 

 

Net loss

   $ (7,710   $ (12,579   $ (15,413
  

 

 

   

 

 

   

 

 

 

Net loss per share:

      

Basic and Diluted

   $ (0.60   $ (0.99   $ (1.22