Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2014

10.

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,
	2014		2013
	(In thousands)
Shares:
Weighted average number of shares of common stock outstanding		23,447		23,397
Shares assumed issued (less shares assumed purchased for treasury) for stock-based compensation		397		Not applicable

Outstanding shares for diluted earnings (loss) per share calculation		23,844		23,397

A total of approximately 1,162,000 shares in the three months ended March 31, 2014 and approximately 1,598,000 shares in the three months ended March 31, 2013 were excluded from the calculation of our diluted earnings (loss) per common share because the effect was anti-dilutive.