Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings (Loss) Per Common Share

12. Earnings (Loss) Per Common Share

Earnings (loss) per common share for all periods have been calculated in conformity with ASC 260, “Earnings Per Share.” This data is based on historical net income (loss) and the weighted average number of shares of our common stock outstanding during each period as set forth in the following table:

	Three Months Ended
	March 31,
	2013		2012
	(In thousands)
Shares:
Weighted average number of shares of common stock outstanding		23,397		25,420
Shares assumed issued (less shares assumed purchased for treasury) for stock-based compensation		Not applicable		216
Outstanding shares for diluted earnings (loss) per share calculation		23,397		25,636

A total of approximately 1,598,000 shares in the three months ended March 31, 2013 and approximately 1,535,000 shares in the three months ended March 31, 2012 were excluded from the calculation of our diluted earnings (loss) per common share because the effect was anti-dilutive.