Basic earnings (loss) per share for each period are computed using the weighted average number of common shares outstanding during such period. Unvested restricted shares are excluded from outstanding shares for purposes of this calculation. Diluted earnings per share are computed using the weighted average number of common and potentially dilutive securities outstanding during the period. Potentially dilutive securities consist of the incremental common shares issuable upon the exercise of stock options and unvested restricted shares (using the treasury stock method). Potentially dilutive securities are excluded from the computation if their effect is anti-dilutive. All of the Company’s common shares issuable on exercise of outstanding stock options and all unvested restricted shares were excluded from the computation of diluted earnings per share in the quarters ended March 31, 2012 and 2011, because the Company incurred losses in those periods and, as a result, the inclusion of those securities would have been anti-dilutive.


	Three Months Ended March 31,
	2012			2011
	(In thousands)
Numerator:
Net loss	$	(1,345	)	$	(1,039	)

Denominator:
Weighted average shares outstanding		4,559			4,495
Dilutive effect of stock options		—			—

Denominator for diluted net loss per share		4,559			4,495