Net Loss per common share

6 Months Ended

Jun. 30, 2012

Net Loss per common share [Abstract]

Net Loss per common share

Note 8 - Net loss per common share

  Basic net loss per share was determined by dividing net loss by the weighted average common shares outstanding during the period.  Diluted net loss per share was determined by dividing net loss by the diluted weighted average shares outstanding. Diluted weighted average shares reflect the dilutive effect, if any, of stock options, stock appreciation rights ("SARs") and restricted stock awards ("RSAs") based on the treasury stock method.

 A reconciliation of basic and diluted shares for the three and six months ended June 30, 2012 and 2011 is as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
Basic weighted average number of shares outstanding		18,821,644		18,699,608		18,835,623		18,688,202
Potential common shares pursuant to stock options, SARs, and restricted stock awards		-		-		-		-
Diluted weighted average number of shares outstanding		18,821,644		18,699,608		18,835,623		18,688,202

For the three months ended June 30, 2012 and 2011, 2.7 million and 2.5 million, respectively, and for the six months ended June 30, 2012 and 2011, 2.8 million and 1.2 million, respectively, weighted average stock options, SARs, and RSAs to purchase shares of our common stock were excluded from the computation of diluted earnings per share because the effect of including the options, SARs, and RSAs would have been antidilutive.