Quarterly report pursuant to Section 13 or 15(d)

Per Share Data

v2.4.0.8
Per Share Data
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Per Share Data
Per Share Data

Basic net income per share is computed by dividing net income attributable to the Company, decreased by dividends declared on preferred stock by using the weighted-average number of common shares outstanding. The dilutive effect of incremental common shares potentially issuable under outstanding options and warrants is included in diluted earnings per share utilizing the treasury method. The computations of basic and diluted per share data were as follows:
 
 
Three months ended June 30,
 
Six months ended June 30,
 
2014
 
2013
 
2014
 
2013
Net income (loss)
$
2,923

 
$
(5,536
)
 
$
7,187

 
$
(5,413
)
Net loss attributable to noncontrolling interest
(21
)
 
(13
)
 
(42
)
 
(26
)
Net income (loss) attributable to the Company
2,944

 
(5,523
)
 
7,229

 
(5,387
)
Dividends declared on preferred stock
(3,710
)
 
(1,028
)
 
(6,935
)
 
(1,028
)
Net income (loss) available to common shareholders
$
(766
)
 
$
(6,551
)
 
$
294

 
$
(6,415
)
 
 
 
 
 
 
 
 
Basic weighted-average shares
181,739,505

 
183,488,108

 
181,621,442

 
183,473,696

Effect of dilutive securities:
 
 
 
 

 
 
     Common stock options
—

 
—

 
13,829,376

 
—

     Warrants to purchase common stock
—

 
—

 
7,276,623

 
—

Dilutive potential common shares
—

 
—

 
21,105,999

 
—

Weighted average common shares outstanding and dilutive potential common shares
181,739,505

 
183,488,108

 
202,727,441

 
183,473,696

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

 
$
(0.03
)


For the three and six month periods ended June 30, 2014, options and warrants to purchase 56,808,207 shares of common stock and options to purchase 6,540,500 shares of common stock, respectively, and for the three and six month periods ended June 30, 2013, options and warrants to purchase 57,026,614 shares of common stock, were not included in the computation of diluted loss per share as the effect would be anti-dilutive.