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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2012
EARNINGS PER SHARE [Abstract]  
Computation of basic and diluted earnings (loss) per share
We compute basic earnings per share ("basic EPS") by dividing net income by the weighted average number of common shares outstanding for the reporting period.  Diluted earnings per share ("diluted EPS") gives effect to all dilutive potential shares outstanding (primarily stock options).  The following table provides the computation of basic and diluted earnings per share for the three month and six month periods ending June 30, 2012 and 2011.
 
 
Three Months Ended
June 30,
 
 
Six Months Ended
June 30,
 
(in thousands, except EPS)
 
2012
 
 
2011
 
 
2012
 
 
2011
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
152
 
 
$
429
 
 
$
339
 
 
$
921
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
 
17,629
 
 
 
17,600
 
 
 
17,625
 
 
 
17,587
 
Effect of potential dilutive securities
 
 
139
 
 
 
227
 
 
 
144
 
 
 
242
 
Diluted weighted average shares outstanding
 
 
17,768
 
 
 
17,827
 
 
 
17,769
 
 
 
17,829
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic EPS
 
$
0.01
 
 
$
0.02
 
 
$
0.02
 
 
$
0.05
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS
 
$
0.01
 
 
$
0.02
 
 
$
0.02
 
 
$
0.05