Numerator for net income (loss) per share – basic:

Net income (loss)

$

(106

)

$

6,175

$

5,681

$

12,534

Allocation of distributed and undistributed income to unvested restricted stock shareholders

(84

)

(1

)

(86

)

(2

)

Net income (loss) attributable to common shareholders

(190

)

6,174

5,595

12,532

Denominator for net income (loss) per share – basic:

Weighted average common shares outstanding – basic

22,658

23,871

22,814

23,870

Net income (loss) per share – basic

$

(0.01

)

$

0.26

$

0.25

$

0.53

Numerator for net income (loss) per share – diluted:

Net income (loss) attributable to common shareholders for basic computation

(190

)

6,174

5,595

12,532

Denominator for net income (loss) per share – diluted:

Weighted average common shares outstanding – basic

22,658

23,871

22,814

23,870

Weighted average effect of dilutive securities – stock options

-

44

6

64

Denominator for diluted earnings per share – adjusted weighted average shares

22,658

23,915

22,820

23,934

Net income (loss) per share – diluted

$

(0.01

)

$

0.26

$

0.25

$

0.52