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Earnings Per Share
 6 Months Ended
Jun. 30, 2011
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
4. Earnings Per Share
 
Basic earnings per share are computed by dividing net income by the weighted average number of common shares outstanding during each period. Diluted earnings per share are calculated using the treasury stock method and includes the effect of all dilutive securities, including stock options, restricted stock and Class B common shares. For those periods in which the Company incurred a net loss, the inclusion of the potentially dilutive shares in the computation of diluted weighted average shares outstanding would have been anti-dilutive to the Company’s loss per share, and, accordingly, all potentially dilutive shares have been excluded from the computation of diluted weighted average shares outstanding in those periods.
 
For the three and six months ended June 30, 2011, 1,590,204 shares and 1,565,204 shares, respectively, issuable upon the exercise of stock options have been excluded from the computation of diluted earnings per share as their effect would be anti-dilutive. For the three and six months ended June 30, 2010, 1,814,336 shares and 1,089,049 shares, respectively, issuable upon the exercise of stock options were excluded from the computation of diluted earnings per share as their effect would have been anti-dilutive.
 
A summary of the reconciliation of basic weighted average shares outstanding to diluted weighted average shares outstanding follows:

   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
  
 
2011
   
2010
   
2011
   
2010
 
Weighted average common shares outstanding – basic
    102,077,285       25,440,674       86,774,026       25,391,291  
Potentially dilutive common stock equivalents
                               
Class B common shares
    19,230,527       7,111,985       17,460,387       7,158,434  
Stock options
    -       50,000       25,000       775,287  
Restricted stock
    1,736,867       17,795       1,045,382       21,358  
  
    20,967,394       7,179,780       18,530,769       7,955,079  
  
    123,044,679       32,620,454       105,304,795       33,346,370  
Less anti-dilutive common stock equivalents
    (20,967,394 )     (7,179,780 )     (18,530,769 )     (7,955,079 )
Weighted average common shares outstanding – diluted
    102,077,285       25,440,674       86,774,026       25,391,291