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Net Loss Per Common Share
 3 Months Ended
Mar. 31, 2012
Net Loss Per Common Share  
Net Loss Per Common Share

Note D — Net Loss Per Common Share

 

Basic net loss per common share (“Basic EPS”) excludes dilution and is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per common share (“Diluted EPS”) reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted into common stock. The computation of Diluted EPS does not assume exercise or conversion of securities that would have an anti-dilutive effect on net loss per common share. During the three months ended March 31, 2012 and 2011, options to acquire 3,991,000 and 5,738,000 shares, respectively, were excluded from the computation of Diluted EPS as their impact was anti-dilutive.

 

The calculation of the weighted average number of common shares outstanding for Basic EPS and Diluted EPS for the periods indicated (in thousands, except per share data) is as follows:

 

 

 

Three months ended March 31,

 

 

 

2012

 

2011

 

Numerator

 

 

 

 

 

Net Loss

 

$

(682

)

$

(11,063

)

 

 

 

 

 

 

Denominator

 

 

 

 

 

Weighted average number of common shares outstanding

 

50,881

 

53,844

 

Effect of outstanding share-based awards

 

—

 

—

 

Weighted average number of shares for diluted net loss per common share

 

50,881

 

53,844

 

 

 

 

 

 

 

Basic loss per share

 

$

(0.01

)

$

(0.21

)

Diluted loss per share

 

$

(0.01

)

$

(0.21

)