Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Tables)

v2.4.0.6
EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2012
Computation Basic and Diluted Earnings (Loss) Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

 

     2012     2011     2010  

Basic:

      

Numerator:

      

Net Income (loss)

   $ (4,091   $ (1,804   $ 13,093   

Less: Distributed loss/distributed and undistributed income (unvested restricted stock)

     46        39        160   
  

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to common shareholders

   $ (4,137   $ (1,843   $ 12,933   
  

 

 

   

 

 

   

 

 

 

Denominator:

      

Denominator for basic earnings per share-weighted-average shares

     14,400        14,351        14,318   
  

 

 

   

 

 

   

 

 

 

Basic earnings per share—common shareholders

   $ (0.29   $ (0.13   $ 0.90   
  

 

 

   

 

 

   

 

 

 

Diluted:

      

Numerator:

      

Net income

   $ (4,091   $ (1,804   $ 13,093   

Less: Distributed loss/distributed and undistributed income (unvested restricted stock)

     46        39        154   
  

 

 

   

 

 

   

 

 

 

Net income attributable to common shareholders

   $ (4,137   $ (1,843   $ 12,939   
  

 

 

   

 

 

   

 

 

 

Denominator:

      

Denominator for basic earnings per share-weighted-average shares

     14,400        14,351        14,318   

Effect of dilutive securities:

      

Employee stock options

     —          —          11   
  

 

 

   

 

 

   

 

 

 

Denominator for dilutive earnings per share-weighted-average shares

     14,400        14,351        14,329   
  

 

 

   

 

 

   

 

 

 

Diluted earnings per share—common shareholders

   $ (0.29   $ (0.13   $ 0.90