BASIC AND DILUTED LOSS PER SHARE

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

BASIC AND DILUTED LOSS PER SHARE

3. BASIC AND DILUTED LOSS PER SHARE

Basic loss per share (EPS) is computed by dividing net loss available for common stockholders by the weighted-average number of common shares outstanding during the period. Diluted EPS is similar to basic EPS, except that the dilutive effect of converting or exercising all potentially dilutive securities is also included in the denominator such as stock options and restricted stock units. Basic loss per share excludes potentially dilutive securities.  For the three month periods ended June 30, 2013 and 2012, conversion of stock options and unvested restricted shares totaling 356,668 and 760,988, respectively, into common share equivalents, and for the six month periods ended June 30, 2013 and 2012, conversion of stock options and unvested restricted shares totaling 356,668 and 839,309, respectively, into common share equivalents, were excluded from this calculation because they were anti-dilutive, due to the net loss incurred in each of the periods.

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2013	2012	2013	2012
Weighted average common shares outstanding	20,664,944	20,506,499	20,642,306	20,497,523
Shares used in computing basic loss per share	20,664,944	20,506,499	20,642,306	20,497,523
Dilutive effect of stock options and unvested restricted stock units	—	—	—	—
Shares used in computing diluted loss per share	20,664,944	20,506,499	20,642,306	20,497,523