NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE

3 Months Ended

Mar. 31, 2013

NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE

NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE

7.  NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE

Basic and diluted net income per share available to common and potential common stockholders has been calculated based on the weighted average number of shares outstanding.  The following schedule reconciles the numerator and denominator of the basic and diluted net income per share available to common and potential common stockholders for the three months ended March 31, 2013 and 2012 (in thousands, except per share data):

	Net Income		Shares	Per Share
	(Numerator)		(Denominator)	Amount
Three Months ended March 31, 2013
Basic earnings per share available to common stockholders	$	213	2,146	$	0.10
Nonvested restricted stock grant	—		6	—
Effect of dilutive securities: options to purchase common shares	—		—	—
Diluted earnings per share	$	213	2,152	$	0.10
Three Months ended March 31, 2012
Basic earnings per share available to common stockholders	$	74	2,134	$	0.03
Nonvested restricted stock grant	—		14	—
Effect of dilutive securities: options to purchase common shares	—		—	—
Diluted earnings per share	$	74	2,148	$	0.03