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EARNINGS (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2012
EARNINGS (LOSS) PER SHARE [Abstract]  
EARNINGS (LOSS) PER SHARE
13. EARNINGS (LOSS) PER SHARE
 
Basic earnings (loss) per common share was computed by dividing net income (loss) by the weighted average number of shares outstanding during the period. Diluted earnings (loss) per common share was calculated as follows:
 
   
For the Year Ended December 31,
 
   
2012
  
2011
  
2010
 
   
(in thousands, except per share data)
 
           
Net income (loss)
 $2,179  $(2,857) $(655)
              
Basic weighted average common shares outstanding
  8,700   9,056   9,415 
Dilutive effect of common stock equivalents
  2   -   - 
              
Diluted weighted average common shares outstanding
  8,702   9,056   9,415 
              
Basic earnings (loss) per share
 $0.25  $(0.32) $(0.07)
              
Diluted earnings (loss) per share
 $0.25  $(0.32) $(0.07)

Average options outstanding to purchase 227,199, 233,717 and 164,850 shares of common stock for December 31, 2012, 2011 and 2010, respectively, were not included in the computation of diluted earnings (loss) per share because to do so would have an anti-dilutive effect.