Quarterly report pursuant to sections 13 or 15(d)

Per Share Data

v2.3.0.11
Per Share Data
 6 Months Ended
Jun. 30, 2012
Per Share Data
11. Per Share Data

 

Basic net income (loss) per share is computed using the weighted-average number of common shares outstanding. The dilutive effect of common shares potentially issuable under outstanding options, warrants and restricted shares is included in diluted earnings per share. The computations of basic and diluted per share data were as follows:

 

    Three months ended     Six months ended  
    June 30,     June 30  
    2012     2011     2012     2011  
Net (loss) income   $ (4,983 )   $ 200     $ (7,962 )   $ 609  
Basic weighted-average shares     183,551,171       183,048,031       183,685,654       183,199,813  
Effect of dilutive securities:                                
Common stock options     —       2,221,995       —       1,891,950  
Warrants to purchase common stock     —       1,650,705       —       1,456,110  
Restricted shares     —       85,185       —       111,205  
Dilutive potential common shares     —       3,957,885       —       3,459,265  
Weighted average common shares outstanding and dilutive potential common shares     183,551,171       187,005,916       183,685,654       186,659,078  
Net (loss) income per share:                                
Basic and diluted   $ (0.03 )   $ 0.00     $ (0.04 )   $ 0.00  

 

For the periods ended June 30, 2012 and 2011, restricted shares and options and warrants to purchase 54,725,900 and 20,121,396 common shares, respectively, were not included in the computation of diluted (loss) income per share as the effect would be anti-dilutive.