NOTE 6—EARNINGS PER SHARE

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

	Three Months Ended June 30,
	2013						2012
	Basic			Diluted			Basic			Diluted
	(In thousands, except per share data)
Numerator:
Net loss from continuing operations	$	(2,033	)	$	(2,033	)	$	(1,754	)	$	(1,754	)
Income from discontinued operations	9,112			9,112			27,528			27,528
Net income	$	7,079		$	7,079		$	25,774		$	25,774
Denominator:
Weighted average common shares	11,133			11,133			10,685			10,685
Income (loss) per share:
Net loss from continuing operations	$	(0.18	)	$	(0.18	)	$	(0.16	)	$	(0.16	)
Income from discontinued operations	0.82			0.82			2.58			2.58
Net income per common share	$	0.64		$	0.64		$	2.41		$	2.41

	Six Months Ended June 30,
	2013						2012
	Basic			Diluted			Basic			Diluted
	(In thousands, except per share data)
Numerator:
Net loss from continuing operations	$	(2,306	)	$	(2,306	)	$	(5,022	)	$	(5,022	)
Income from discontinued operations	6,668			6,668			44,946			44,946
Net income	$	4,362		$	4,362		$	39,924		$	39,924
Denominator:
Weighted average common shares	11,050			11,050			10,620			10,620
Income (loss) per share:
Net loss from continuing operations	$	(0.21	)	$	(0.21	)	$	(0.47	)	$	(0.47	)
Income from discontinued operations	0.60			0.60			4.23			4.23
Net income per common share	$	0.39		$	0.39		$	3.76		$	3.76

For the three and six months ended June 30, 2013 and 2012, we had losses from continuing operations and, as a result, no potentially dilutive securities were included in the denominator for computing diluted 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 June 30, 2013 and 2012, approximately 0.6 million and 0.5 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. For the six months ended June 30, 2013 and 2012, approximately 0.7 million and 0.3 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.

Commom Stock Repurchases

On January 11, 2010, our board of directors authorized the repurchase of up to $10 million of our common stock. During the second quarter of 2013, we purchased 44,142 shares of our common stock for aggregate consideration of $0.8 million. At June 30, 2013 we had approximately $2.6 million remaining in our share repurchase authorization.