Annual report pursuant to section 13 and 15(d)

Per Share Data

v2.4.0.8
Per Share Data
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Per Share Data
Per Share Data

Basic net income (loss) per share is computed by dividing net income (loss) attributable to the Company, decreased with respect to net income or increased with respect to net loss 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, warrants and restricted shares is included in diluted earnings per share in 2011 utilizing the treasury stock method. The computations of basic and diluted per share data were as follows:

 
 
Year Ended December 31,
 
 
2013
 
2012
 
2011
Net (loss) income
 
$
(522
)
 
$
(16,354
)
 
$
3,893

Loss attributable to noncontrolling interest
 
(68
)
 
—

 
—

Net (loss) income attributable to the Company
 
(454
)
 
(16,354
)
 
3,893

Dividends declared on preferred stock
 
(6,911
)
 
—

 
—

Net (loss) income available to common shareholders
 
$
(7,365
)
 
$
(16,354
)
 
$
3,893

Weighted average common shares outstanding – basic
 
182,295,476

 
183,572,582

 
183,023,590

Effect of dilutive securities:
 
  

 
  

 
  

Options to purchase common stock
 
—

 
—

 
3,616,816

Warrants to purchase common stock
 
—

 
—

 
2,313,636

Restricted shares
 
—

 
—

 
59,986

Dilutive potential common shares
 
—

 
—

 
5,990,438

Weighted average common shares
outstanding – dilutive
 
182,295,476

 
183,572,582

 
189,014,028

Net (loss) income per common share:
 
  

 
  

 
  

Basic and diluted
 
$
(0.04
)
 
$
(0.09
)
 
$
0.02



During 2013, 2012 and 2011, options, warrants and restricted stock to purchase 55,398,631, 54,837,515 and 13,337,994 common shares, respectively, were not included in the computation of diluted income (loss) per share as the effect would be anti-dilutive.