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Earnings Per Share
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

13. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31:

 

                         
    2012     2011     2010  

Numerator:

                       

Net income (loss)

  $ (614,578   $ 37,091     $ 68,369  

Denominator:

                       

Denominator for basic earnings per share—weighted average shares outstanding

    1,682,994       1,655,805       1,605,769  

Denominator for diluted earnings per share—weighted average shares outstanding and assumed conversions

    1,682,994       1,655,805       1,605,769  
   

 

 

   

 

 

   

 

 

 

Basic earnings (loss) per share

  $ (0.37   $ 0.02     $ 0.04  
   

 

 

   

 

 

   

 

 

 

Diluted earnings (loss) per share

  $ (0.37   $ 0.02     $ 0.04  
   

 

 

   

 

 

   

 

 

 

For each of the years ended December 31, 2012, 2011 and 2010, 12,000 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings (loss) per share because the effect was antidilutive.