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Earnings Per Share
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share:
The following table (in thousands, except per share amounts) presents a reconciliation of the numerators and denominators used in the basic and diluted earnings per share computations for the years ended December 31 2012, 2011, and 2010.

 
Twelve Months Ended
 
2012
 
2011
 
2010
Numerator:
 
 
 
 
 
Net income (loss) - basic and diluted
$
3,779

 
$
3

 
$
(31,736
)
Preferred stock dividend
1,891

 
1,808

 
1,716

Net income (loss) applicable to common stockholders
$
1,888

 
$
(1,805
)
 
$
(33,452
)
Denominator:
 
 
 
 
 
Weighted average shares outstanding - basic
5,806,958

 
840,654

 
838,562

Dilutive effect of common stock options, warrants, restricted stock awards
18,325

 
—

 
—

Weighted average shares outstanding — diluted
5,825,283

 
840,654

 
838,562

Earnings (loss) per share — basic and diluted:
 
 
 
 
 
Earnings (loss) per share — basic
$
0.33

 
$
(2.15
)
 
$
(39.89
)
Effect of dilutive common stock options, warrants, restricted stock awards
(0.01
)
 
—

 
—

Earnings (loss) per share — diluted
$
0.32

 
$
(2.15
)
 
$
(39.89
)


Common stock equivalents were calculated using the treasury stock method.

All shares in the table above have been adjusted to reflect the impact of a 10-for-1 reverse stock split, effective, October 5, 2012. See Note 14, "Stockholders' Equity" for additional information.

At December 31, 2012, 2011, and 2010 there were 13,412, 16,587 and 23,771 anti-dilutive common stock options, respectively, not included in diluted earnings per share.  At December 31, 2012, 2011, and 2010 there were 65,323, of anti-dilutive common stock warrants-Series A not included in diluted earnings per share.  At December 31, 2011, and 2010 there were 2,253, and 4,876 respectively, of anti-dilutive restricted shares not included in diluted earnings per share.

As part of the Company's January 2012 capital raise (see Note 14 "Stockholders' Equity"), warrants were issued for 1,700,000 shares, and on a reverse-split adjusted basis, 170,000 shares of non-voting common stock. The impacts of these warrants were included in diluted earnings per share, and were calculated using the treasury stock method.