EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2013

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 7—EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended March 31,
	2013						2012
	Basic			Diluted			Basic			Diluted
	(In thousands, except per share data)
Numerator:
Loss from continuing operations	$	(273	)	$	(273	)	$	(3,269	)	$	(3,269	)
(Loss) income from discontinued operations, net of tax	(2,444		)	(2,444		)	17,418			17,418
Net (loss) income	$	(2,717	)	$	(2,717	)	$	14,149		$	14,149
Denominator:
Weighted average common shares	10,967			10,967			10,555			10,555
Income (loss) per Share:
Loss from continuing operations	$	(0.02	)	$	(0.02	)	$	(0.31	)	$	(0.31	)
Income (loss) from discontinued operations, net of tax	(0.22		)	(0.22		)	1.65			1.65
Net income (loss) per common share	$	(0.25	)	$	(0.25	)	$	1.34		$	1.34

For the three months ended March 31, 2013 and 2012, we had losses from continuing operations and, as a result, no potentially dilutive securities were included in the denominator for computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts. For the three months ended March 31, 2013 and 2012, approximately 0.7 million and 0.2 million shares, respectively, related to potentially dilutive securities were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.