Calculation of Basic and Diluted Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted earnings per share

(in thousands, except per share amounts)		Three Months Ended September 30,				Nine Months Ended September 30,
		2012		2011		2012		2011
Numerator:
Net Income	$	1,837	$	1,067	$	4,792	$	2,723
Preferred Stock Dividends		-		-		-		(15)
Numerator for basic earnings per share -  income available to common shareholders		1,837		1,067		4,792		2,708
Effect of dilutive securities:
6% Convertible Debenture Interest Expense		-		22		36		66
Preferred Stock Dividends		-		-		-		15
Numerator for diluted income per share -  income available to common shareholders  after assumed conversions	$	1,837	$	1,089	$	4,828	$	2,789
Denominator:
Denominator for basic income per share -  weighted-average shares		2,968		2,122		2,714		2,052
Effect of dilutive securities:
Employee stock options		(180)		37		(158)		40
Detachable warrants		461		555		457		542
6% Convertible Debenture		192		547		370		552
Preferred Stock		-		3		-		48
Dilutive potential common shares		473		1,142		669		1,182
Denominator for diluted income per share - weighted-average shares and assumed conversions		3,441		3,264		3,383		3,234
Basic income per common share	$	0.62	$	0.50	$	1.77	$	1.32
Diluted income per common share	$	0.53	$	0.33	$	1.43	$	0.86