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LOSS PER SHARE
9 Months Ended
Jun. 30, 2012
LOSS PER SHARE [Abstract]  
LOSS PER SHARE
NOTE 12-LOSS PER SHARE
The following table sets forth the computation of basic and diluted loss per share:
 
Three months ended June 30,
  
Nine months ended June 30,
 
(in thousands, except per share data)
 
2012
  
2011
  
2012
  
2011
 
Numerator:
(Loss) income from:
        
Continuing operations, net of income taxes
 
$
(852
)
 
$
(1,356
)
 
$
(3,894
)
 
$
(3,825
)
Discontinued operations, net of income taxes
  
(1
)
  
(76
)
  
(13
)
  
226
 
Net loss
 
$
(853
)
 
$
(1,432
)
 
$
(3,907
)
 
$
(3,599
)
Denominator:
                
Weighted-average common shares outstanding
  
16,642
   
16,951
   
16,642
   
17,252
 
Effects of dilutive common stock options
  
-
   
-
   
-
   
-
 
Adjusted weighted-average shares
  
16,642
   
16,951
   
16,642
   
17,252
 
(Loss) income per basic and diluted share
                
From continuing operations
 
$
(0.05
)
 
$
(0.08
)
 
$
(0.23
)
 
$
(0.22
)
From discontinued operations
  
-
   
-
   
-
   
0.01
 
Loss per basic and diluted share
 
$
(0.05
)
 
$
(0.08
)
 
$
(0.23
)
 
$
(0.21
)
The following options were not included in the computation of diluted loss per share because the exercise price exceeds than the average market price of our common stock for the periods stated and, therefore, the effect would be anti-dilutive:
 
Three months ended June 30,
  
Nine months ended June 30,
 
(in thousands)
 
2012
  
2011
  
2012
  
2011
 
Weighted-average options excluded from computation of diluted loss per share
  
2,845
   
2,613
   
2,887
   
1,567
 
Due to net losses from Continuing Operations, the following common stock equivalents were excluded from the calculation of diluted loss per share since their effect would have been anti-dilutive:
 
Three months ended June 30,
  
Nine months ended June 30,
 
(in thousands)
 
2012
  
2011
  
2012
  
2011
 
Common stock equivalents excluded from computation of diluted loss per share
  
-
   
1
   
-
   
4