Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

Earnings Per Share

4. Earnings Per Share— Basic loss per share is based on the number of weighted average shares outstanding. Diluted loss per share includes the effect of dilutive securities such as stock options, stock warrants, and restricted stock awards expected to vest. The following table reconciles basic loss per share to diluted loss per share under the provisions of ASC 260, Earnings Per Share.

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
	In thousands, except per share data						In thousands, except per share data
Numerator:
Net loss	$	(766	)	$	(1,464	)	$	(1,454	)	$	(4,352	)
Denominator:
Weighted average shares outstanding:
Basic	2,227			2,122			2,219			2,107
Effect of dilutive securities:
Common stock options	—			—			—			—
Restricted stock awards expected to vest	—			—			—			—
Diluted	2,227			2,122			2,219			2,107
Loss per share:
Basic	$	(0.34	)	$	(0.68	)	$	(0.66	)	$	(2.07	)
Diluted	$	(0.34	)	$	(0.68	)	$	(0.66	)	$	(2.07	)

Diluted loss per share is the same as basic loss per share for the three month and six month periods ended June 30, 2011 because the effect of outstanding options and unvested restricted stock during the periods would have been antidilutive due to the net loss.

There were no stock options and unvested restricted stock awards outstanding that are not included in the diluted loss per share computation due to the antidilutive effects for the three month period ended June 30, 2011, and 60,110 for the three month period ended June 30, 2010. There were no stock options and unvested restricted stock awards outstanding that are not included in the diluted loss per share computation due to the antidilutive effects for the six month period ended June 30, 2011, and 60,110 for the six month period ended June 30, 2010. As of June 30, 2011 there were no stock options or restricted stock awards outstanding.