EX-11 2 september302011exhibit11.htm EXHIBIT 11
EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
(In thousands, except share data)
(Unaudited)

|  | Three Months Ended |  | Six Months Ended
|  | September 30, |  | September 30,
|  | 2011 | 2010 |  | 2011 | 2010
Loss per common share - basic |  |  |  |  |  |
Net loss |  | $ | (9,450 | ) | (23,362 | ) |  | (15,580 | ) | (25,855 | )
Less: Capital Purchased Program "CPP" Preferred Dividends (1) |  | 288 |  | 269 |  |  | 288 |  | 506 |
Dividends paid and undistributed (losses)/earnings allocated to participating securities |  |  | (172 | ) |  |  | (187 | )
Net Loss Available to Common Shareholders |  | $ | (9,738 | ) | $ | (23,459 | ) |  | $ | (15,868 | ) | $ | (26,174 | )
Weighted average common shares outstanding |  | 165,983 |  | 165,535 |  |  | 165,852 |  | 165,526 |
Loss per common share (2) |  | $ | (58.67 | ) | $ | (141.72 | ) |  | $ | (95.68 | ) | $ | (158.13 | )
Diluted Loss per common share |  | N/A |  | N/A |  |  | N/A |  | N/A |

(1) Includes $96 of accrued preferred dividends from the three month period ended March 31, 2011
(2) Common share count reflects 1 for 15 reverse stock split which was effective on October 27, 2011