Earnings (Loss) Per Share
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Dec. 31, 2012
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Earnings (Loss) Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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.
In 2012, 2011, and 2010, options to purchase 22,000, 100,000, and 100,000 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 anti-dilutive. In 2011 and 2010, warrants to purchase 104,101 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. Additionally, 10,511 shares of performance-based restricted stock were excluded from the calculation of earnings per share in 2012 because the awarding of these shares is based on future events and the shares do not carry the rights of ownership. |