Earnings Per Share

3 Months Ended

Mar. 31, 2013

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 three months ended March 31, 2013 and 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 per share:

	Three months ended March 31,
	2013	2012
Basic:
Weighted average shares outstanding	27,229,792	27,119,760
Diluted:
Total basic weighted average shares outstanding	27,229,792	27,119,760
Effect of dilutive securities:
Common stock options	—	—
Total weighted average shares outstanding assuming dilution	27,229,792	27,119,760
Anti-dilutive stock options	2,189,442	2,374,659
Shares of common stock issued from the exercise of stock options	33,966	2,226