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 computations of basic and diluted earnings (loss) per share were as follows:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012		2011			2012		2011
	(in thousands, except per share data)

Net income (loss)	$	881	$	(1,704	)	$	2,490	$	(2,990	)

Basic weighted average common shares outstanding		8,702		8,941			8,700		9,142
Dilutive effect of common stock equivalents		1		-			2		-
Diluted weighted average common shares outstanding		8,703		8,941			8,702		9,142

Basic earnings (loss) per share	$	0.10	$	(0.19	)	$	0.29	$	(0.33	)
Diluted earnings (loss) per share	$	0.10	$	(0.19	)	$	0.29	$	(0.33	)