Net Income (Loss) Per Common Share And Comprehensive Income

6 Months Ended

Jun. 30, 2011

Net Income (Loss) Per Common Share And Comprehensive Income

Net Income (Loss) Per Common Share And Comprehensive Income

Note E: Net Income (Loss) Per Common Share and Comprehensive Income

The following table sets forth the computations of basic and diluted net income per common share for the three-month and six-month periods ended June 30, 2011 and 2010 (in thousands, except per share data):

	Three-Month Periods Ended June 30,				Six-Month Periods Ended June 30,
	2011		2010		2011			2010
Numerator:
Net income (loss)	$	210	$	367	$	(598	)	$	769
Denominator:
Shares used in basic net income per common share calculation (2011 is net of 57 contingent shares in escrow)		4,828		4,676		4,826			4,333
Effect of diluted securities:
Employee and director stock options		88		75		--			87
Shares used in diluted net income (loss) per common share calculations		4,916		4,751		4,826			4,420
Basic net income (loss) per common share	$	0.04	$	0.08	$	(0.12	)	$	0.18
Diluted net income (loss) per common share	$	0.04	$	0.08	$	(0.12	)	$	0.17

Our comprehensive income for the three-month periods ended June 30, 2011 and 2010 was $129,000 and $109,000, respectively, and for the six-month periods ended June 30, 2011 and 2010 was $1,000 and $470,000, respectively.  In each period, the main difference between net income and comprehensive income arose from foreign currency translation adjustments.