Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2013

Earnings (Loss) per Share

Earnings (Loss) per Share

9.  Earnings (Loss) per Share

Basic earnings (loss) per common share excludes dilution and is calculated by dividing net earnings (loss) by the weighted average number of common shares outstanding during the period.  Diluted earnings (loss) per common share is calculated by dividing net earnings (loss) by the weighted average number of common shares outstanding during the period, as adjusted for the potential dilutive effect of non-participating share-based awards such as stock options and RSUs.  The following table presents earnings (loss) per common share for the three months ended March 31, 2013 and 2012 (in thousands, except per share data):

	Three Months Ended
	March 31,
	2013			2012
Income (loss) from continuing operations	$	(1,128	)	$	1,279
Weighted average common shares outstanding - basic	27,668			27,210
Dilutive securities	—			101
Weighted average common shares outstanding - diluted	27,668			27,311
Basic net income (loss) per common share:
Continuing	$	(0.04	)	$	0.05
Discontinued	—			(0.01		)
Total	$	(0.04	)	$	0.04
Diluted net income (loss) per common share:
Continuing	$	(0.04	)	$	0.05
Discontinued	—			(0.01		)
Total	$	(0.04	)	$	0.04
Antidilutive securities not included:
Options and RSUs	2,619			2,405