The following
table sets forth the computation of basic and diluted earnings per
share (in thousands, except per share data):
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2012 |
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2011 |
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2010 |
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Basic:
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Numerator:
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Net Income
(loss)
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$ |
(4,091 |
) |
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$ |
(1,804 |
) |
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$ |
13,093 |
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Less: Distributed
loss/distributed and undistributed income
(unvested restricted stock)
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46 |
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39 |
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160 |
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Net income (loss)
attributable to common shareholders
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$ |
(4,137 |
) |
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$ |
(1,843 |
) |
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$ |
12,933 |
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Denominator:
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Denominator for basic
earnings per share-weighted-average shares
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14,400 |
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14,351 |
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14,318 |
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Basic earnings per
share—common shareholders
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$ |
(0.29 |
) |
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$ |
(0.13 |
) |
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$ |
0.90 |
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Diluted:
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Numerator:
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Net income
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$ |
(4,091 |
) |
|
$ |
(1,804 |
) |
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$ |
13,093 |
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Less: Distributed
loss/distributed and undistributed income
(unvested restricted stock)
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46 |
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39 |
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|
154 |
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Net income attributable to
common shareholders
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$ |
(4,137 |
) |
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$ |
(1,843 |
) |
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$ |
12,939 |
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Denominator:
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Denominator for basic
earnings per share-weighted-average shares
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14,400 |
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14,351 |
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14,318 |
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Effect of dilutive securities:
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Employee stock
options
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— |
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— |
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11 |
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Denominator for dilutive
earnings per share-weighted-average shares
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14,400 |
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14,351 |
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14,329 |
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Diluted earnings per
share—common shareholders
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$ |
(0.29 |
) |
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$ |
(0.13 |
) |
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$ |
0.90 |
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