v2.4.0.6
Net Loss and Dividends per Share
 3 Months Ended
Mar. 31, 2013
Net Loss and Dividends per Share [Abstract]  
Net Loss and Dividends per Share
7. Net Loss and Dividends per Share

The following table presents a reconciliation of basic and diluted loss per share computations (in thousands, except per share data and anti-dilutive stock option counts):

 
Three months ended March 31,
 
 
2013
 
 
2012
 
Numerator:
 
 
 
 
 
 
   Net loss
 
$
(8,059
)
 
$
(7,906
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
   Weighted-average shares outstanding
 
 
16,639
 
 
 
17,213
 
     Effect of unvested restricted stock awards considered participating securities
 
 
362
 
 
 
363
 
   Weighted-average shares outstanding – basic
 
 
17,001
 
 
 
17,576
 
     Effect of dilutive common stock options
 
 
-
 
 
 
-
 
   Weighted-average shares outstanding – diluted
 
 
17,001
 
 
 
17,576
 
 
 
 
 
 
 
 
 
   Net loss per share – basic
 
$
(0.47
)
 
$
(0.45
)
 
 
 
 
 
 
 
 
   Net loss per share – diluted
 
$
(0.47
)
 
$
(0.45
)
 
 
 
 
 
 
 
 
Cash dividends declared per share
 
$
0.06
 
 
$
0.06
 
 
 
 
 
 
 
 
 
Stock options excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive
 
 
1,323,000
 
 
 
1,552,000