EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE J – EARNINGS PER SHARE

Basic earnings per share represents net earnings (loss) divided by the weighted average shares outstanding. Diluted earnings per share represents net earnings (loss) 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):

	Three Months Ended June 30,					Six Months ended June 30,
	2013			2012		2013			2012
Net earnings (loss)	$	(15	)	$	838	$	(49	)	$	1,772
Weighted average common shares outstanding		29,277			33,655		29,172			33,594
Incremental common shares issuable under stock options and awards		—			549		—			505
Weighted average common shares outstanding assuming dilution		29,277			34,204		29,172			34,099
Earnings per share
Basic	$	0.00		$	0.02	$	0.00		$	0.05
Diluted	$	0.00		$	0.02	$	0.00		$	0.05

Diluted earnings per share does not include the effect of certain stock options and awards as their impact would be anti-dilutive. For both the three and six months ended June 30, 2013, approximately 3,227,000 stock options and awards were not included in the diluted earnings per share calculation because their effect is antidilutive. Approximately 978,000 stock options and awards for both the three and six months ended June 30, 2012 were not included in the diluted earnings per share calculation because their effect is antidilutive