XML 19 R14.htm IDEA: XBRL DOCUMENT  v2.3.0.11
EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2011
EARNINGS PER SHARE  
EARNINGS PER SHARE
NOTE H:  EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share is computed by adjusting the weighted average number of shares of common stock outstanding by common stock equivalents attributable to dilutive stock options. The computation of diluted earnings (loss) per share does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect on earnings (loss) per share.

The following table sets forth the computation of basic and diluted earnings (loss) per share:

   
Three Months Ended
  
Six Months Ended
 
   
June 30,
  
June 30,
 
   
2011
  
2010
  
2011
  
2010
 
   
(in thousands, except per share data)
 
              
Net income (loss)
 $693  $1,262  $(1,286) $946 
                  
Basic weighted average common shares outstanding
  9,098   9,415   9,245   9,414 
Dilutive effect of common stock equivalents
  4   6   -   5 
Diluted weighted average common shares outstanding
  9,102   9,421   9,245   9,419 
                  
Basic earnings (loss) per share
 $0.08  $0.13  $(0.14) $0.10 
Diluted earnings (loss) per share
 $0.08  $0.13  $(0.14) $0.10 

Options to purchase 249,500 and 180,500 shares of common stock were outstanding at June 30, 2011 and 2010, respectively, but were not included in the computation of diluted earnings per share because to do so would have an anti-dilutive effect.