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Earnings (Loss) Per Share
9 Months Ended
Sep. 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 months ended September 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 8,177,559 and 8,177,559 for the three months ended September 30, 2010 and 8,175,580 and 8,182,279 for the nine months ended September 30, 2010, respectively. The table below shows the calculation of basic and diluted earnings (loss) per share for the three and nine months ended September 30, 2010:
                 
    Three Months Ended     Nine Months Ended  
    September 30, 2010     September 30, 2010  
 
               
Net loss from continuing operations
  $ (4,347 )   $ (8,807 )
Net income from discontinued operations, net of tax
    43,748       33,387  
 
           
Total income
  $ 39,401     $ 24,580  
 
           
 
               
Number of shares:
               
Weighted average shares outstanding, basic and diluted
    8,177,559       8,175,580  
Effect of dilutive potential common shares Stock Options
    —       6,699  
 
           
Weighted average number of diluted shares
    8,177,559       8,182,279  
 
           
 
               
Basic and diluted net loss per share from continuing operations
  $ (0.53 )   $ (1.08 )
Basic and diluted net income per share from discontinued operations
    5.35       4.08  
 
           
Basic and diluted net income per share from total earnings
  $ 4.82     $ 3.00  
 
           
Basic and diluted weighted average shares are different for the nine months ended September 30, 2010 but per share amounts are the same when rounded to the nearest full cent.