Calculation of Basic and Diluted Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2013

Calculation of Basic and Diluted Earnings per Share[Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

(in thousands, except per share amounts)		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
Numerator:
Net Income	$	113	$	1,837	$	188	$	4,792
Numerator for basic earnings per share - income available to common shareholders		113		1,837		188		4,792
Effect of dilutive securities:
6% Convertible Debenture Interest Expense		-		-		-		36
Numerator for diluted income per share - income available to common shareholders after assumed conversions	$	113	$	1,837	$	188	$	4,828
Denominator:
Denominator for basic income per share - weighted-average shares		3,012		2,968		2,999		2,714
Effect of dilutive securities:
Employee stock options		8		25		2		33
Detachable warrants		402		448		270		454
6% Convertible Debenture		-		-		-		182
Dilutive potential common shares		410		473		272		669
Denominator for diluted income per share - weighted-average shares and assumed conversions		3,422		3,441		3,271		3,383
Basic income per common share	$	0.04	$	0.62	$	0.06	$	1.77
Diluted income per common share	$	0.03	$	0.53	$	0.06	$	1.43