NET EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2014
Net Earnings Per Share [Abstract]  
NET EARNINGS PER SHARE
NOTE K – NET EARNINGS PER SHARE
 
Basic earnings per share is computed by dividing net (loss) income available to common shareholders by the weighted average number of common shares outstanding during the period excluding the dilutive impact of common stock equivalents. Diluted earnings per share include the effect of all potentially dilutive securities on earnings per share. The dilutive effect of outstanding equity-based compensation awards and warrants is computed using the treasury stock method. The computation of diluted earnings per share does not assume exercise of securities that would have an anti-dilutive effect on earnings.
 
The following table presents a reconciliation of the shares used in the calculation of basic and diluted net (loss) income per share from continuing operations contained in our condensed consolidated statements of operations and comprehensive (loss) income (in thousands):
 
   
For the three months ended
   
For the six months ended
 
   
June 30,
   
June 30,
 
   
2014
   
2013
   
2014
   
2013
 
Income from continuing operations, net of income taxes
  $ 226     $ 412     $ 1,372     $ 435  
Weighted average shares outstanding:
                               
Basic
    18,889       18,411       18,871       18,004  
Dilutive effect of common stock equivalents
    309       539       378       609  
Diluted
    19,198       18,950       19,249       18,613  
                                 
Anti-dilutive equity-based compensation awards and warrants
    757       641       757       641