The following table provides a reconciliation of the numerators and denominators of our basic and diluted earnings per share (dollars in thousands, except per-share amounts).


	Three Months Ended March 31,
	2013			2012
Income (numerator):
Net (loss) income – basic	$	(347	)	$	1,714

Weighted average shares (denominator):
Weighted average shares – basic		38,924,163			33,249,769
Dilution effect of share-based compensation, treasury method		—	(1)		187,913

Weighted average shares – diluted		38,924,163			33,437,682

Net (loss) income per share:
Basic	$	(0.01	)	$	0.05

Diluted	$	(0.01	)	$	0.05

(1)	Approximately 43,000 options to purchase our common stock were excluded from this calculation because they were antidilutive for the three months ended March 31, 2013.