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Earnings (Loss) Per Share
12 Months Ended
Dec. 31, 2011
Earnings (Loss) Per Share [Abstract]  
Earnings (Loss) Per Share
Note 13.
Earnings (Loss) Per Share
 
The following shows the weighted-average number of shares used in computing earnings (loss) per share and the effect on weighted-average number of shares of diluted potential common stock. Potential dilutive common stock had no effect on income available to common stockholders.
 
 
2011
 
2010
 
2009
 
Shares
 
Per
Share
Amount
 
Shares
 
Per
Share
Amount
 
Shares
 
Per
Share
Amount
Earnings (loss) per share, basic
6,974,781
   
$
0.71
   
6,933,144
   
$
(0.39
)
 
5,629,426
   
$
0.37
 
Effect of dilutive securities:
                     
Stock options
2,121
       
-
       
967
     
Earnings (loss) per share, diluted
6,976,902
   
$
0.71
   
6,933,144
   
$
(0.39
)
 
5,630,393
   
$
0.37
 
 
In 2011, 2010, and 2009, options to purchase 100,000, 100,000, and 225,578 common shares, respectively, ranging in price from $22.00 to $39.40 were not included in the calculation of earnings per share because they would have been antidilutive.  In 2011, 104,101 warrants to purchase common shares with an exercise price of $15.85 were not included in the calculation of earnings per share because to do so would have been anti-dilutive.  Additonally, 21,702 shares of performance-based restricted stock were excluded from the calculation of earnings per share in 2011 because the awarding of these shares is based on future events and the shares do not carry the rights of ownership.