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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2012
Earnings (Loss) Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE
(4) EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding and the number of dilutive potential common share equivalents during the period, calculated using the treasury-stock method.

The calculation of basic and diluted earnings per share for the three months ended March 31, 2012 and 2011 is as follows:

 

                 
    Three months ended
March 31,		  
    2012     2011  

Basic:

                

Net income (loss)

   $ 320     $ (110 ) 

Weighted average shares outstanding - basic

     30,881,770       30,631,020  

Net income (loss) per share - basic

   $ 0.01     $ *  

Diluted:

                

Net income (loss)

   $ 320     $ (110 ) 

Weighted average shares outstanding - basic

     30,881,770       30,631,020  

Dilutive securities

     155,647       —    

Weighted average shares outstanding - diluted

     31,037,417       30,631,020  

Net income (loss) per share - diluted

   $ 0.01     $ *  

 

* Less than ($0.01) per share

Potential common share equivalents as of March 31, 2012 of 1,187,500 related to certain outstanding stock options and warrants, were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive, as the option exercise prices exceeded the average market price of the Company’s common stock. The actual effect of these shares, if any, on the diluted earnings per share calculation may vary significantly depending on fluctuations in the stock price.

The effects of potential common stock equivalents for the three months ended March 31, 2011 of 1,907,565 shares, have not been included in the computation of diluted net loss per share as the impact of the potential common shares would decrease the loss per share.