EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE I – EARNINGS PER SHARE

Basic earnings per share represents net earnings divided by the weighted average shares outstanding. Diluted earnings per share represents net earnings divided by weighted average shares outstanding adjusted for the incremental dilution of outstanding stock options and awards. A reconciliation of weighted average common shares outstanding to weighted average common shares outstanding assuming dilution for the periods presented follows (in thousands, except per share data):

	Quarter Ended March 31,
	2013			2012
Net earnings (loss)	$	(34	)	$	934
Weighted average common shares outstanding		29,065			33,533
Incremental common shares issuable under stock options and awards		—			408
Weighted average common shares outstanding assuming dilution		29,065			33,941
Earnings per share
Basic	$	0.00		$	0.03
Diluted	$	0.00		$	0.03

For the quarters ended March 31, 2013 and 2012, approximately 3,135,000 and 1,077,000 stock options and awards, respectively, were not included in the computation of diluted earnings per share because their effect is antidilutive.