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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2013
EARNINGS PER SHARE  
Reconciliation of basic and diluted earnings per share

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Basic earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(2,491

)

$

(3,938

)

$

(7,703

)

$

(12,029

)

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

14,524,522

 

14,093,122

 

14,405,498

 

14,021,563

 

Basic net loss per share

 

$

(0.17

)

$

(0.28

)

$

(0.53

)

$

(0.86

)

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(2,491

)

$

(3,938

)

$

(7,703

)

$

(12,029

)

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

14,524,522

 

14,093,122

 

14,405,498

 

14,021,563

 

Common stock equivalents:

 

 

 

 

 

 

 

 

 

Stock options and unvested restricted stock units (1)

 

—

 

—

 

—

 

—

 

Weighted average number of common shares outstanding

 

14,524,522

 

14,093,122

 

14,405,498

 

14,021,563

 

Diluted net loss per share

 

$

(0.17

)

$

(0.28

)

$

(0.53

)

$

(0.86

)

 

(1)                   Stock options and unvested restricted stock units granted and outstanding of 974,296 and 1,064,525 as of September 30, 2013 and 2012, respectively, are excluded from the computation of diluted earnings per share due to the anti-dilutive effect as a result of the Company’s net loss for these respective periods.