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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2012
Earnings (Loss) Per Share [Abstract]  
Earnings (Loss) Per Share

(2) Earnings (Loss) Per Share

The Company calculates basic earnings per share by dividing (loss) earnings available to common stockholders by the weighted average common shares outstanding during the period, excluding common stock subject to vesting provisions. Diluted earnings per share is computed by dividing loss earnings available to common stockholders by the weighted average number of common shares outstanding during the period increased to include, if dilutive, the number of additional common shares that would have been outstanding if the potential common shares had been issued. The Company's potentially dilutive shares include options and warrants.

A reconciliation of the numerator and denominator used in the calculation of basic and diluted loss per share follows:

 

     Three months Ended
March 31,		  
(In thousands, except shares and per share data)    2012     2011  

Net loss

    $ (1,407 )    $ (2,206 ) 
  

 

 

    

 

 

  

Net loss available to common shareholders

    $ (1,407 )    $ (2,206 ) 
  

 

 

    

 

 

  

Weighted average shares of common stock outstanding

      12,182,999        8,834,535   

Less: Weighted-average shares of unvested common stock

      (16,698 )      (16,698 ) 
  

 

 

    

 

 

  

Total weighted-average shares used in computing net loss per share attributed to common stockholders

      12,166,301        8,817,837   
  

 

 

    

 

 

  

Basic and diluted loss per share

    $ (0.12 )    $ (0.25 ) 
  

 

 

    

 

 

  

Potentially dilutive securities representing 3.6 million and 1.3 million weighted average shares of common stock were excluded for the three months ended March 31, 2012 and 2011, respectively, because including them would have an anti-dilutive effect on net loss per share.