EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2012

EARNINGS PER SHARE

EARNINGS PER SHARE

13. EARNINGS PER SHARE

        The following table illustrates the required disclosure of the reconciliation of the numerators and denominators of the basic and diluted net income per share computations during each of the three years ended December 31.

	2012			2011			2010
	(dollars in thousands, except per share amounts)
Loss from continuing operations	$	(5,447	)	$	(51,153	)	$	(4,963	)
(Loss) income from discontinued operations		(277	)		788			(153	)
Net loss available to common stockholders	$	(5,724	)	$	(50,365	)	$	(5,116	)
Shares outstanding:
Weighted average shares outstanding		28,011,513			27,835,649			27,549,546
Effect of dilutive securities		—			—			—
Diluted shares outstanding		28,011,513			27,835,649			27,549,546
Basic net (loss) income per common share:
Continuing operations	$	(0.19	)	$	(1.84	)	$	(0.18	)
Discontinued operations		(0.01	)		0.03			(0.01	)
Basic net loss per common share	$	(0.20	)	$	(1.81	)	$	(0.19	)
Diluted net (loss) income per common share:
Continuing operations	$	(0.19	)	$	(1.84	)	$	(0.18	)
Discontinued operations		(0.01	)		0.03			(0.01	)
Diluted net loss per common share	$	(0.20	)	$	(1.81	)	$	(0.19	)

        The dilutive EPS calculations do not include the following potential dilutive securities for each of the three years ended December 31 because they were anti-dilutive.

	2012		2011		2010
Weighted average anti-dilutive stock options outstanding		1,119,013		766,325		711,938
Weighted average anti-dilutive restricted stock units outstanding		311,002		273,347		390,000
		1,430,015		1,039,672		1,101,938