(in thousands except per share data)

Three Months ended

June 30,

Six Months ended

June 30,

2013

2012

2013

2012

Numerator:

Net income (loss)

$

1,891

$

4,251

$

(68

)

$

3,611

Denominator:

Denominator for basic earnings per share – weighted-average shares

14,852

14,732

14,809

14,727

Effect of dilutive securities:

Equivalent shares issuable upon conversion of unvested restricted stock

200

55

-

69

Equivalent shares issuable upon conversion of unvested employee stock options

-

Denominator for diluted earnings per share – adjusted weighted-average shares and assumed conversions

15,052

14,787

14,809

14,796

Basic income (loss) per share:

$

0.13

$

0.29

$

(0.00

)

$

0.25

Diluted income (loss) per share:

$

0.13

$

0.29

$

(0.00

)

$

0.24