XML 25 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2012
EARNINGS PER SHARE  
EARNINGS PER SHARE

 

 

NOTE 2 — EARNINGS PER SHARE

 

The following table presents a reconciliation of basic and diluted earnings per share for the three months ended March 31, 2012 and 2011, as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2012

 

2011

 

Basic earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

Net loss to common stockholders

 

$

(3,860

)

$

(5,180

)

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

139,795,666

 

107,108,072

 

Basic net loss per share

 

$

(0.03

)

$

(0.05

)

 

 

 

 

 

 

Diluted earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

Net loss to common stockholders

 

$

(3,860

)

$

(5,180

)

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

139,795,666

 

107,108,072

 

Common stock equivalents:

 

 

 

 

 

Stock options and unvested restricted stock units (1)

 

—

 

—

 

Weighted average number of common shares outstanding

 

139,795,666

 

107,108,072

 

Diluted net loss per share

 

$

(0.03

)

$

(0.05

)

 

(1)

 

Stock options and unvested restricted stock units granted and outstanding of 4,651,277 and 2,311,633 as of March 31, 2012 and 2011, respectively, are excluded from the computation of diluted earnings per share due to the anti-dilutive effect as a result of the Company’s net loss for these respective periods.