Computation of Income (Loss) Per Common Share

9 Months Ended

Sep. 30, 2012

Computation of Income (Loss) Per Common Share [Abstract]

Computation of Income (Loss) Per Common Share

Note 11—Computation of Income (Loss) Per Common Share

The following table reconciles weighted average shares outstanding from basic to diluted methods and reconciles net income (loss) used in the computation of income (loss) per share for the basic and diluted methods (in thousands):

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
Description	2012			2011		2012			2011
Weighted Average Shares Outstanding
Basic and diluted		1,525			1,525		1,525			1,525
Net Income (Loss)
Basic and diluted	$	(1,063	)	$	350	$	(11,838	)	$	(4,173	)

For the three months and nine months ended September 30, 2012 and 2011, there were no outstanding stock options. No shares were excluded from the calculation of diluted earnings per share.