Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

(Loss) 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 are based on the weighted average number of common shares outstanding and the effect of all dilutive common stock equivalents during each period. The exercise price for certain stock options awarded by the Company exceeds the average market price of the Company's common stock. Such stock options are antidilutive and are not included in the computation of (loss) earnings per share. For the year ended December 31, 2012 and 2011, no potential common stock equivalents were included as the effect of such would be anti-dilutive. Antidilutive stock options outstanding totaled 515,906 in the year ended December 31, 2010.

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

	Year ended December 31,
	2012	2011	2010
Basic:
Weighted average shares outstanding	27,138,927	26,990,059	26,899,373
Diluted:
Total basic weighted average shares outstanding	27,138,927	26,990,059	26,899,373
Effect of dilutive securities:
Common stock options	—	—	266,479
Total weighted average shares outstanding assuming dilution	27,138,927	26,990,059	27,165,852
Anti-dilutive stock options	2,283,840	2,128,906	515,906
Shares of common stock issued from the exercise of stock options	56,658	32,124	82,510