Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Earnings (Loss) Per Share [Abstract]

Computation of basic and diluted earnings per common share

The following table details the computation of basic and diluted earnings (loss) per common share:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2012			2011		2012			2011
Net income (loss)	$	(2,213	)	$	8,086	$	(5,316	)	$	14,837
Weighted average shares – Basic		25,980			25,771		25,876			25,830
Effect of dilutive stock options		--			205		--			341
Adjusted weighted average shares and assumed conversions - Diluted		25,980			25,976		25,876			26,171
Basic earnings (loss) per common share	$	(0.09	)	$	0.31	$	(0.21	)	$	0.57
Diluted earnings (loss) per common share	$	(0.09	)	$	0.31	$	(0.21	)	$	0.57

Potentially dilutive outstanding stock options excluded from the computation of diluted earnings per share

Since the Company was in a net loss position for the three and nine-month periods ended September 30, 2012, there was no difference between the number of shares used to calculate basic and diluted loss per share for those periods. There were 122 and 131 potentially dilutive stock options not included in the diluted per share calculation for the three and nine-month periods ended September 30, 2012, respectively, because they would be anti-dilutive. In addition, the following table presents the potentially dilutive outstanding stock options excluded from the computation of diluted earnings per share for each period because they would be anti-dilutive:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Anti-dilutive options		1,531		1,046		1,516		435
Exercise price range	$	11.71--21.08	$	12.02--21.08	$	11.71--21.08	$	12.02--21.08