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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2013
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE 5 – EARNINGS PER SHARE Net earnings (loss) per common and common equivalent share are computed using the weighted average number of shares of common stock and common stock equivalents outstanding during each period. If dilutive, the effect of stock options, treated as common stock equivalents, is calculated using the treasury stock method. The following table sets forth the computation of basic and diluted net earnings (loss) per share:
|  | Quarters Ended |
|  | June 30, |  |  | June 30, |
In Thousands |  | 2013 |  |  | 2012 |
Numerator: |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 15,502 |  |  | $ | 2,370 |
Denominator: |  |  |  |  |  |  |  |
Denominator for basic earnings per share – weighted average shares |  |  | 20,669 |  |  |  | 21,997 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Employee stock options |  |  | 69 |  |  |  | 40 |
Denominator for diluted earnings per share – weighted average shares |  |  | 20,738 |  |  |  | 22,037 |
The number of weighted average employee stock options excluded from the determination of diluted earnings per share for the second quarter was 191,000 in 2013 and 193,000 in 2012. Such options were anti-dilutive for the respective periods. The following table sets forth the computation of basic and diluted net earnings (loss) per share:
|  | Six Months Ended |
|  | June 30, |  |  | June 30, |
In Thousands |  | 2013 |  |  | 2012 |
Numerator: |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 21,897 |  |  | $ | 9,063 |
Denominator: |  |  |  |  |  |  |  |
Denominator for basic earnings per share – weighted average shares |  |  | 20,667 |  |  |  | 22,712 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Employee stock options |  |  | 69 |  |  |  | 45 |
Denominator for diluted earnings per share – weighted average shares |  |  | 20,736 |  |  |  | 22,757 |
The number of weighted average employee stock options excluded from the determination of diluted earnings per share for the six months ended June 30 was 191,000 in 2013 and 166,000 in 2012. Such options were anti-dilutive for the respective periods.

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