EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2013

EARNINGS (LOSS) PER SHARE [Abstract]

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

	Three Months Ended
	March 31,
	2013			2012
	(in thousands, except per share data)

Net (loss) income	$	(456	)	$	674

Basic weighted average common shares outstanding		8,688			8,696
Dilutive effect of common stock equivalents		-			2
Diluted weighted average common shares outstanding		8,688			8,698

Basic (loss) earnings per share	$	(0.05	)	$	0.08
Diluted (loss) earnings per share	$	(0.05	)	$	0.08