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Earnings (Loss) Per Share (Tables)
3 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Components of Denominator for Basic Earnings (Loss) Per Common Share and Diluted Earnings (Loss) Per Common Share

The components of the denominator for basic earnings (loss) per common share and diluted earnings (loss) per common share are reconciled as follows.

 

     June 30,
2013
     June 30,
2012
 

Basic earnings (loss) per Common Share:

     

Weighted-average common shares outstanding for basic earnings (loss) per share calculation

     9,568,000         9,493,000   
  

 

 

    

 

 

 

Diluted earnings (loss) per Common Share:

     

Weighted-average common shares outstanding

     9,568,000         9,493,000   

Stock options (a)

     99,000         —     
  

 

 

    

 

 

 

Weighted-average common shares outstanding for diluted earnings (loss) per share calculation

     9,667,000         9,493,000   
  

 

 

    

 

 

 

 

(a) During the three month periods ended June 30, 2013 and June 30, 2012, options to purchase 433,000 and 748,000 shares of common stock, respectively, were excluded from the computation of diluted earnings per share because the exercise prices of these options were greater than the average market price of the common share and the effect of their conversion would be antidilutive.