Note 7 - Net Income (loss) Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Text Block]

7. Net Income (loss) Per Share

Basic net income per share is computed using the weighted-average number of shares of common stock outstanding. Diluted income per share is a measure of the potential dilution that would occur if stock options had been exercised.

The following table reconciles the numerator and denominator used to calculate basic and diluted net income (loss) per share of common stock:

	Three months ended  June 30,					Six months ended  June 30,
(In thousands, except per share amounts)	2012			2011		2012			2011
Numerator for basic and diluted net income (loss) per share:
Net income (loss) available to common stockholders	$	(911	)	$	979	$	(1,648	)	$	1,277
Denominator for net income (loss) per share:
Basic and diluted —weighted average shares of common stock outstanding		7,752			5,687		7,566			5,605
Net income (loss) per share:
Basic and diluted	$	(0.12	)	$	0.17	$	(0.22	)	$	0.23

Potentially dilutive securities are not included in the diluted net loss calculation, because the Company had a net loss for the three and six months ended June 30, 2012 and a net loss from continuing operations for the three and six months ended June 30, 2011.

For the three and six months ended June 30, 2012, 855 and 5,588 shares issuable upon the assumed exercise of stock options are not included in the calculation of diluted earnings per share, as their inclusion would have been anti-dilutive.

For the three and six months ended June 30, 2011, 908,536 and 954,511 shares issuable upon the assumed exercise of stock options are not included in the calculation of diluted earnings per share, as their inclusion would have been anti-dilutive.