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Net Income (Loss) per Common Share
3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Net Income (Loss) per Common Share
Net Income (Loss) per Common Share
Basic net income (loss) per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share incorporates the dilutive effect of common stock equivalent options, warrants and other convertible securities, if any, as determined with the treasury stock accounting method. Common stock equivalents related to options and restricted stock awards for 439,970 shares of common stock for the three months ended March 31, 2013 have been excluded from the fully diluted calculation of net income per share, as inclusion would be anti-dilutive. The Company has excluded all outstanding stock options and non-vested restricted shares from the calculation of diluted earnings per share for the three months ended March 31, 2012 because the net loss causes these outstanding stock options and non-vested restricted shares to be anti-dilutive.
A reconciliation of the basic and diluted weighted average common shares outstanding is as follows:
 
 
Three Months Ended
 
March 31,
 
2013
 
2012
Weighted average common shares outstanding—basic
14,989,248

 
14,604,942

Dilutive common shares issuable in connection with stock plans
229,795

 

Weighted average common shares outstanding—diluted
15,219,043

 
14,604,942