Income Per Share

3 Months Ended

Mar. 31, 2013

Income Per Share [Abstract]

Income Per Share

9.  Income Per Share

The following table presents a reconciliation between basic and diluted earnings per share:

	Three Months Ended
		March 31, 2013		March 31, 2012
Numerator:
Net income (loss)	$	(471)	$	243
Denominator:
Basic – weighted shares outstanding		5,687		5,654
Weighted shares assumed upon exercise of stock options		-		279
Diluted – weighted shares outstanding		5,687		5,933
Income (loss) per share:
Basic	$	(0.08)		0.04
Diluted	$	(0.08)		0.04

The dilutive impact summarized above relates to the periods when the average market price of Company stock exceeded the exercise price of the potentially dilutive option securities granted. Earnings per common share was based on the weighted average number of common shares outstanding during the periods when computing the basic earnings per share. When dilutive, stock options are included as equivalents using the treasury stock market method when computing the diluted earnings per share.

Excluded from the computation of diluted earnings per share for the three months ended March 31, 2013 were all options outstanding of approximately 1,394 common shares, due to the Company’s net loss in the period.  Excluded from the computation of diluted earnings per share for the three months ended March 31, 2012 were outstanding options to purchase approximately 329 common shares because the effect was anti-dilutive.