Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Earnings (Loss) Per Share:

Summarized basic and diluted earnings (loss) per common share were calculated as follows:

	Net Earnings (Loss)			Weighted Average Shares	Per Share
Quarter Ended June 30, 2012
Basic earnings per common share	$	23,120		22,228,834	$	0.00
Effect of dilutive stock options	—			43,656
Diluted earnings per common share	$	23,120		22,272,490	$	0.00
Quarter Ended June 30, 2011
Basic earnings per common share	$	17,030		22,228,834	$	0.00
Effect of dilutive stock options	—			319,274
Diluted earnings per common share	$	17,030		22,548,108	$	0.00
Six Months Ended June 30, 2012
Basic loss per common share	$	(49,818	)	22,228,834	$	(0.00	)
Effect of dilutive stock options	—			—
Diluted loss per common share	$	(49,818	)	22,228,834	$	(0.00	)
Six Months Ended June 30, 2011
Basic earnings per common share	$	160,364		22,228,834	$	0.01
Effect of dilutive stock options	—			318,334
Diluted earnings per common share	$	160,364		22,547,168	$	0.01

The number of stock options that were outstanding, but not included in the computation of diluted earnings (loss) per common share because their exercise price was greater than the average market price of the common stock, or were otherwise anti-dilutive, was approximately 1,233,000 and 458,000 for the quarters ended June 30, 2012 and 2011, respectively, and 1,233,000 and 469,000 for the six months ended June 30, 2012 and 2011, respectively.