Loss per Share

Basic earnings (loss) per share amounts are computed using the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share amounts are computed using the weighted average number of common shares outstanding and dilutive potential common shares outstanding during each period.

The reconciliations between basic and diluted loss per share for the first quarter of 2013 and 2012 are as follows:



	For the first quarter of
	2013			2012
	(Dollar amounts in millions, except per share data)

Net loss	$	(15.1	)	$	(1.2	)

Weighted average common shares outstanding	15,331,415			15,130,272
Dilutive effect of common share equivalents	—			—
Dilutive shares outstanding	15,331,415			15,130,272

Basic loss per share	$	(0.98	)	$	(0.08	)

Diluted loss per share	$	(0.98	)	$	(0.08	)

The effect of certain potential common share equivalents, as outlined below, were excluded from the computation of diluted shares outstanding for the first quarter of 2013 and 2012 as their inclusion would have been anti-dilutive. Restricted stock awards which vest based upon achievement of performance targets were excluded from the diluted shares outstanding as the performance targets had not been met as of the end of the first quarter of 2013 and 2012.

A summary of the weighted average anti-dilutive shares excluded from the first quarter of 2013 and 2012 is as follows:



	For the first quarter of
	2013	2012
Warrants	669,612	789,474
Restricted stock	530,159	379,251
Stock options	678,225	744,536
Total	1,877,996	1,913,261