Quarterly report pursuant to sections 13 or 15(d)

Per Share Data

v2.4.0.8
Per Share Data
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Per Share Data
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 and warrants is included in diluted earnings per share. The computations of basic and diluted per share data were as follows:
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
2013
 
2012
 
2013
 
2012
Net income (loss)
$
2,379

 
$
(6,037
)
 
$
(3,034
)
 
(13,999
)
Loss attributable to noncontrolling interest
(23
)
 
—

 
(49
)
 
—

Net income (loss) attributable to the Company
2,402

 
(6,037
)
 
(2,985
)
 
(13,999
)
Dividends declared on preferred stock
(2,879
)
 
—

 
(3,907
)
 
—

Net loss available to common shareholders
$
(477
)
 
$
(6,037
)
 
$
(6,892
)
 
(13,999
)
 
 
 
 
 
 
 
 
Basic weighted-average shares
181,759,305

 
183,460,777

 
182,895,952

 
183,610,148

Effect of dilutive securities:
 
 
 
 
 
 
 
     Common stock options
—

 
—

 
—

 
—

     Warrants to purchase common stock
—

 
—

 
—

 
—

Dilutive potential common shares
—

 
—

 
—

 
—

Weighted average common shares outstanding and dilutive potential common shares
181,759,305

 
183,460,777

 
182,895,952

 
183,610,148

Net loss per share available to common shareholders:
   
 
   
 
 
 
 
Basic and diluted
$
(0.00
)
 
$
(0.03
)
 
$
(0.04
)
 
$
(0.08
)


For the periods ended September 30, 2013 and 2012, options and warrants to purchase 57,007,593 and 54,895,978 common shares, respectively, and 180,000 restricted shares in the 2012 period were not included in the computation of diluted loss per share as the effect would be anti-dilutive.