Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

5. Earnings Per Share

     The financial statements for all prior periods have been retroactively adjusted to reflect the April 11, 2013 one-for-ten reverse stock split of the Company's common stock.

	Three months ended March 31,
	2013		2012
	(Dollars in thousands, except per
	share amounts; shares in
	thousands)
Income (loss) from continuing operations available to
common stockholders' for basic and diluted earnings per
share	$	4,634	$	(1,923	)
Basic weighted-average shares		9,585		9,840
Effect of dilutive securities:
Unvested restricted stock units		-		-
Stock options		-		-
Dilutive weighted-average shares		9,585		9,840
Earnings (loss) per common share from continuing
operations:
Basic	$	0.48	$	(0.20	)
Diluted	$	0.48	$	(0.20	)

     The table below includes information related to stock options, warrants and restricted stock that were outstanding at March 31 of each respective year but have been excluded from the computation of weighted-average stock options due to the option exercise price exceeding the first quarter weighted-average market price of our common shares as their inclusion would have been anti-dilutive to our income (loss) per share.

	March		March
	31, 2013		31, 2012
Options, warrants and restricted stock excluded (in thousands)		1,937		2,570
Weighted-average exercise prices of options, warrants and restricted
stock excluded	$	29.96	$	25.00
First quarter weighted average market price	$	4.40	$	10.90