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Earnings Per Share
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
Note 16 - Earnings Per Share
 
Basic earnings (loss) per share and diluted earnings (loss) per share are shown on the Consolidated Statements of Comprehensive Income (Loss). Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average shares outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares and common stock equivalent shares (stock options) outstanding for the period. There were no reconciling items to net income (loss) to arrive at income (loss) available to common stockholders.
 
The following table sets forth the number of common and common stock equivalent shares used in the computation of basic and diluted earnings (loss) per share:
 
 
Years ended December 31,
 
 
2012
 
 
2011
 
 
2010
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(23,416
)
 
$
20,611
 
 
$
32,420
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares-Basic
 
 
25,924
 
 
 
25,790
 
 
 
25,465
 
Effect of dilutive stock options
 
 
--
 
 
 
290
 
 
 
418
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares-Diluted
 
 
25,924
 
 
 
26,080
 
 
 
25,883
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings (loss) per common share
 
$
(0.90
)
 
$
0.80
 
 
$
1.27
 
Dilutive earnings (loss) per common share
 
$
(0.90
)
 
$
0.79
 
 
$
1.25
 

Since the Company was in a net loss position for the year ended December 31, 2012, there was no difference between the number of shares used to calculate basic and diluted loss per share for the year ended December 31, 2012. There were 121 potentially dilutive stock options not included in the diluted per share calculation 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:

 
Years ended December 31,
 
 
2012
 
 
2011
 
 
2010
 
 
 
 
 
 
 
 
 
 
Anti-dilutive options
 
 
1,530
 
 
 
782
 
 
 
905
 
Exercise price range
 
$
11.71 - 21.08
 
 
$
12.02 - 21.08
 
 
$
12.87 - 21.08
 
Date of last option expiration
 
December 19, 2022
 
 
August 17, 2021
 
 
October 18, 2020