Loss Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Loss Per Share

11. Loss Per Share

Basic loss per share is calculated by dividing net loss by the weighted average shares outstanding during the period, which includes shares of restricted stock that are fully vested. Diluted loss per share is computed similarly to basic loss per share, except that the weighted average shares outstanding are increased to include equivalents, when their effect is dilutive. In periods of net loss, all dilutive shares are considered anti-dilutive.

For the three months ended March 31, 2012 and March 31, 2011, 988,417 and 1,222,099 shares of common stock, respectively, were outstanding but excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive due to the net losses for the respective periods.

The following table sets forth the computation of basic and diluted loss per share (in thousands except per share data):

	Three months ended
	March 31,
	2012			2011
Basic loss per share
Net loss	$	(2,508	)	$	(2,673	)
Weighted average shares outstanding		9,670			9,632
Basic loss per share	$	(0.26	)	$	(0.28	)
Diluted loss per share:
Net loss	$	(2,508	)	$	(2,673	)
Weighted average shares outstanding		9,670			9,632
Incremental shares attributable to the assumed exercise of outstanding stock options		N/A			N/A
Weighted average shares and equivalents		9,670			9,632
Diluted loss per share	$	(0.26	)	$	(0.28	)