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Loss Per Common Share
 12 Months Ended
Dec. 31, 2013
Loss Per Common Share  
Loss Per Common Share

NOTE 2. Loss Per Common Share

        The Company calculates basic and diluted (loss)/earnings per share in accordance with ASC 260, "Earnings Per Share." Basic (loss)/earnings per share is computed based upon weighted-average shares outstanding during the period. Dilutive (loss)/earnings per share is computed consistently with the basic computation while giving effect to all dilutive potential common shares and common share equivalents that were outstanding during the period. The Company uses the treasury stock method to reflect the potential dilutive effect of unvested stock awards and unexercised options. The weighted-average shares outstanding were calculated as follows:

(In thousands of shares)
  2013   2012   2011  

Weighted average shares for basic loss per share

     6,120     5,949     6,172  

Effect of dilutive common share equivalents

     —     —     —  
               
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Weighted average shares and dilutive common share equivalents for dilutive loss per share

     6,120     5,949     6,172  
               
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        The Company was in a net loss position for the years ended December 31, 2013, 2012 and 2011 and therefore excluded approximately 330,000, 455,000 and 505,000, respectively, of shares underlying stock options and warrants, 15,000, 340,000 and 305,000, respectively, shares of restricted stock, and 3,000, 165,000 and 305,000, respectively, shares underlying restricted stock units ("RSUs") from its computation of dilutive loss per share because they were anti-dilutive.