Note 2 - Loss Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Text Block]

Note 2.   Loss Per Share

Basic loss per share excludes dilution and is computed by dividing earnings available to common stockholders by the weighted-average number of common shares outstanding for the period.  Diluted loss per share reflects the dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in our earnings.  The calculation of diluted loss per share for the three months ended March 31, 2013 and 2012 excludes all unexercised options and approximately 6,000 and 175,000 unvested shares, respectively, since the effect of any assumed exercise of the related awards would be anti-dilutive. Loss Per Share is the same for both Clas A and Class B shares.

The following table sets forth for the periods indicated the calculation of net loss per share included in the condensed consolidated statements of operations:

(in thousands except per share data)	Three months ended March 31, 2013
	2013			2012
Numerator:
Net loss	$	(1,959	)	$	(640	)
Denominator:
Denominator for basic earnings per share – weighted- average shares		14,762			14,722
Effect of dilutive securities:
Equivalent shares issuable upon conversion of unvested restricted stock		-			-
Equivalent shares issuable upon conversion of unvested employee stock options		-			-
Denominator for diluted earnings per share –adjusted weighted-average shares and assumed conversions		14,762			14,722
Basic and diluted loss per share:	$	(0.13	)	$	(0.04	)