EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

(8) EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share excludes any dilution and is computed by dividing net earnings (loss) available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock resulted in the issuance of common stock. If the common stock equivalents have an anti-dilutive effect, they are excluded from the computation of diluted earnings (loss) per share. The earnings or loss per share for the three months ended March 31, 2014 and 2013 follows:

	Three Months Ended
	March 31
	2014			2013
	(in thousands, except per share data)
Net loss	$	(1,666	)	$	(1,532	)
Weighted-average shares outstanding
Basic		6,603			6,611
Diluted		6,603			6,611
Basic loss per share	$	(0.25	)	$	(0.23	)
Diluted loss per share	$	(0.25	)	$	(0.23	)

The diluted earnings per share calculations include the incremental shares of common stock issuable upon the exercise of stock options that have a market price in excess of the exercise price. When the exercise price of an option exceeds its market price, the incremental shares are excluded from the diluted earnings per share calculation. A summary of the options outstanding, the options includable and excludable from the diluted earnings per share calculations and the incremental shares included in the diluted earnings per share calculation for the three months ended March 31, 2014 and 2013 follows:

	Three Months Ended
	March 31
	2014		2013
	(in thousands)
Options included in diluted earnings (loss) per share calculation		—		—
Options excluded from diluted earnings (loss) per share calculation		325		354
Total options		325		354
	Three Months Ended
	March 31
	2014		2013
	(in thousands)
Incremental shares included in the diluted earnings (loss) per share		—		—