The following table sets forth the computation of basic and diluted earnings per share:
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Three Months Ended March 31, |
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2013 |
|
2012 |
(a) Net income (loss) |
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$ |
(800 |
) |
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$ |
488 |
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(b) Weighted average shares outstanding |
|
39,793 |
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|
39,351 |
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Dilutive impact of stock options |
|
— |
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|
20 |
|
Dilutive impact of restricted stock |
|
— |
|
|
883 |
|
(c) Weighted average shares outstanding for diluted net income (loss) per share |
|
39,793 |
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|
40,254 |
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Basic net income (loss) per share (a/b) |
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$ |
(0.02 |
) |
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$ |
0.01 |
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Diluted net income (loss) per share (a/c) |
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$ |
(0.02 |
) |
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$ |
0.01 |
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The following underlying shares associated with the following instruments were excluded from the diluted EPS calculation because their effect would be anti-dilutive: |
Stock options |
|
67 |
|
|
67 |
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Restricted stock |
|
40 |
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— |
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