Quarterly report pursuant to sections 13 or 15(d)

Per Share Data

v2.3.0.11
Per Share Data
 3 Months Ended
Mar. 31, 2012
Per Share Data
11. Per Share Data

 

Basic net (loss) income 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:

 

    2012     2011  
Net (loss) income   $ (2,979 )   $ 409  
Basic weighted-average shares     183,820,137       183,366,512  
Effect of dilutive securities:                
Common stock options     —       1,561,907  
Warrants to purchase common stock     —       1,261,515  
Restricted shares     —       137,224  
Dilutive potential common shares     —       2,960,646  
Weighted average common shares outstanding and dilutive potential common shares     183,820,137       186,327,158  
Net (loss) income per share:                
Basic and diluted   $ (0.02 )   $ 0.00  

 

For the three months ended March 31, 2012 and 2011, options and warrants to purchase 54,992,502 and 20,568,165 common shares, respectively, were not included in the computation of diluted loss per share as the effect would have been anti-dilutive.