NOTE I: EARNINGS (LOSS) PER SHARE

We calculate basic earnings (loss) per share (EPS) of our common stock by dividing the Company’s net earnings (loss) by the weighted-average number of common shares outstanding for the period. The calculation of diluted EPS assumes the issuance of common stock for all potentially dilutive share equivalents outstanding. The outstanding stock options and restricted shares were not considered to be dilutive securities for the year ended December 31, 2011 due to the net loss incurred by the Company in 2011. Set forth below are the computations of basic and diluted earnings (loss) per share for each of the following periods:


	Year Ended December 31,
	2011			2010		2009
	(In thousands)
Numerator:
Net earnings (loss)	$	(886	)	$	152	$	99

Denominator:
Weighted average shares outstanding		4,535			4,475		4,449
Dilutive effect of stock options and restricted shares		—			99		45

Denominator for diluted earnings (loss) per share		4,535			4,574		4,494