Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2011

Earnings (Loss) Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE 7 — EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share excludes potential common shares and is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding for the period. The computation of diluted earnings (loss) per share excludes the effects of stock options, warrants and restricted stock (unvested stock awards), if such effect is anti-dilutive. For the three and six months ended June 30, 2010, the Company has excluded warrants, unvested stock awards and stock options from the calculation of loss per share from continuing operations, discontinued operations, and total loss since their effect would be anti-dilutive. Consequently, the basic and diluted weighted average number of common shares is equal to 8,174,363 and 8,174,521 for the three and six months ended June 30, 2010, respectively. The table below shows the calculation of basic and diluted earnings (loss) per share for the three and six months ended June 30, 2010:

	Three Months Ended			Six Months Ended
	June 30, 2010			June 30, 2010
Net loss from continuing operations	$	(2,526	)	$	(4,460	)
Net loss from discontinued operations, net of tax		(6,864	)		(10,085	)
Total loss	$	(9,390	)	$	(14,545	)
Number of shares:
Weighted average shares outstanding, basic and diluted		8,174,363			8,174,521
Basic and diluted net loss per share from continuing operations	$	(0.31	)	$	(0.55	)
Basic and diluted net loss per share from discontinued operations		(0.84	)		(1.23	)
Basic and diluted net loss per share from total earnings	$	(1.15	)	$	(1.78	)