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Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

The computation of basic and diluted earnings (loss) per share consisted of the following:
 
(Dollars in thousands, except per share data)
 
Year Ended December 31,
 
2012
 
2011
 
2010
Weighted average shares:
 
 
 
 
 
Basic weighted average shares outstanding
8,589

 
8,553

 
8,522

Effect of dilutive securities outstanding
—

 
—

 
15

Diluted weighted average shares outstanding
8,589

 
8,553

 
8,537

Earnings (loss):
 
 
 
 
 
Continuing operations
$
(62,717
)
 
$
(4,389
)
 
$
9,590

Discontinued operations
167

 
(235
)
 
(2,653
)
Net income (loss)
$
(62,550
)
 
$
(4,624
)
 
$
6,937

Basic earnings (loss) per share of common stock:
 
 
 
 
 
Continuing operations
$
(7.30
)
 
$
(0.51
)
 
$
1.13

Discontinued operations
0.02

 
(0.03
)
 
(0.32
)
Net income (loss)
$
(7.28
)
 
$
(0.54
)
 
$
0.81

Diluted earnings (loss) per share of common stock:
 
 
 
 
 
Continuing operations
$
(7.30
)
 
$
(0.51
)
 
$
1.12

Discontinued operations
0.02

 
(0.03
)
 
(0.31
)
Net income (loss)
$
(7.28
)
 
$
(0.54
)
 
$
0.81



The effect of 23 thousand and 55 thousand restricted share awards outstanding and future stock option exercises for the years ended December 31, 2012 and 2011, respectively, would have been anti-dilutive and therefore, were excluded from the computation of diluted earnings per share.