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Income (Loss) Per Share
 12 Months Ended
Dec. 31, 2011
Income (Loss) Per Share [Abstract]  
Income (Loss) Per Share

13. INCOME (LOSS) PER SHARE

The following table sets forth the computation of basic and diluted income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Twelve months ended December 31,

 

 

 

2011

 

2010

 

2009

 

 

Numerators:

 

 

 

 

 

 

 

 

 

 

Income (loss) before discontinued operations

 

$

(1,425

)

$

655

 

$

(1,802

)

Loss from discontinued operations, net of taxes and gain on sale

 

 

—

 

 

(294

)

 

(2,119

)

Net income (loss)

 

$

(1,425

)

$

361

 

$

(3.921

)

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Basic – weighted shares outstanding

 

 

5,599

 

 

5,484

 

 

5,394

 

Weighted shares assumed upon exercise of stock options

 

 

—

 

 

51

 

 

—

 

Diluted – weighted shares outstanding

 

 

5,599

 

 

5,535

 

 

5,394

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(.25

)

$

0.12

 

$

(0.34

)

Discontinued operations

 

 

—

 

 

(0.05

)

 

(0.39

)

Basic earnings (loss) per share:

 

$

(.25

)

$

0.07

 

$

(0.73

)

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(.25

)

$

0.12

 

$

(0.34

)

Discontinued operations

 

 

—

 

 

(0.05

)

 

(0.39

)

Diluted earnings (loss) per share:

 

$

(.25

)

$

0.07

 

$

(0.73

)

The Company excluded stock options of 1,085, 575, and 1,247, in 2011, 2010, and 2009, respectively, from the computation of the diluted income per share as their effect would be anti-dilutive. For additional disclosures regarding the stock options, see Note 12.