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Earnings (Loss) Per Share
9 Months Ended
Sep. 30, 2011
Earnings (Loss) Per Share [Abstract]  
Earnings (Loss) Per Share
10. Earnings (Loss) per Share

Earnings (loss) per basic and diluted weighted average common share outstanding was calculated as follows for the three and nine months ended September 30, 2011 and 2010:

 

                                 
     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
     2011      2010     2011      2010  

Net income (loss) (in thousands)

   $ 3,284       $ (134   $ 11,193       $ (2,784
    

 

 

    

 

 

   

 

 

    

 

 

 

Basic weighted-average common shares outstanding

     9,346,397         9,289,921        9,326,070         9,272,668   

Effect of potentially dilutive common shares(1)

     26,997         —          33,188         —     
    

 

 

    

 

 

   

 

 

    

 

 

 

Diluted weighted-average common shares outstanding

     9,373,394         9,289,921        9,359,258         9,272,668   
    

 

 

    

 

 

   

 

 

    

 

 

 

Earnings (loss) per common share:

                                  

Earnings (loss) per basic common share

   $ 0.35       $ (0.01   $ 1.20       $ (0.30

Earnings (loss) per diluted common share

   $ 0.35       $ (0.01   $ 1.20       $ (0.30

Antidilutive shares not included in diluted common share calculation

     10,000         75,403        16,261         33,049   

 

(1) Represents the effect of the assumed exercise of stock options and the vesting of restricted stock units and performance stock awards, based on the treasury stock method