Earnings Per Share

3 Months Ended

Mar. 31, 2012

10. Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic (loss) earnings per share are based on the weighted average number of common shares outstanding during each period. Diluted earnings per share is based on the weighted average number of common shares outstanding and the effect of all dilutive common stock equivalents during each period. For the three months ended March 31, 2012, no potential common stock equivalents were included as the effect of such would be anti-dilutive.

The following table reconciles the denominators used in the computations of both basic and diluted (loss) earnings per share:

	Three months ended March 31,
	2012	2011
Basic:
Weighted average shares outstanding	27,119,760	27,004,933
Diluted:
Total basic weighted average shares outstanding	27,119,760	27,004,933
Effect of dilutive securities:
Common stock options	—	175,161
Total weighted average shares outstanding assuming dilution	27,119,760	27,180,094
Anti-dilutive stock options	2,374,659	890,028
Share of Common Stock issued from the Exercise of Stock Options	2,226	—