EARNINGS PER COMMON SHARE ("EPS")

12 Months Ended

Dec. 31, 2012

EARNINGS PER COMMON SHARE ("EPS") [Abstract]

EARNINGS PER COMMON SHARE ("EPS")

NOTE 18 - EARNINGS PER COMMON SHARE ("EPS")

Basic and diluted EPS are calculated as follows:

	For the year ended December 31, 2012
	Loss			Average shares		Per share
(In thousands, except for per share data)	(numerator)			(denominator)		Amount
Basic and Diluted EPS
Loss available to common shareholders	$	(17,663	)		13,256	$	(1.33	)

At December 31, 2012, 362,093 options to purchase shares of common stock and restricted stock awards were anti-dilutive in the computation of diluted EPS, as exercise price exceeded average market price and as a result of the net loss for the year.  Additionally 30,407 warrants were also anti-dilutive.

	For the year ended December 31, 2011
	Loss			Average shares		Per share
(In thousands, except for per share data)	(numerator)			(denominator)		Amount
Basic and Diluted EPS
Loss available to common shareholders	$	(10,566	)		13,256	$	(0.80	)

At December 31, 2011, 520,979 options to purchase shares of common stock and restricted stock awards were anti-dilutive in the computation of diluted EPS, as exercise price exceeded average market price and as a result of the net loss for the year.  Additionally 30,407 warrants were also anti-dilutive.

	For the year ended December 31, 2010
	Loss			Average shares		Per share
(In thousands, except for per share data)	(numerator)			(denominator)		Amount
Basic and Diluted EPS
Loss available to common shareholders	$	(26,063	)		13,256	$	(1.97	)

At December 31, 2010, 580,953 options to purchase shares of common stock and restricted stock awards were anti-dilutive in the computation of diluted EPS, as exercise price exceeded average market price and as a result of the net loss for the year.  Additionally 30,407 warrants were also anti-dilutive.