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Loss Per Share
6 Months Ended
Sep. 30, 2011
Earnings Per Share [Abstract] 
Earnings Per Share [Text Block]
LOSS PER SHARE
The following table reconciles the loss available to common shareholders (numerator) and the weighted average common shares outstanding (denominator) for both basic and diluted loss per share for the following periods (in thousands, except for per share data):

 
 
Three Months Ended
September 30,
 
Six Months Ended September 30
 
 
2011
 
2010
 
2011
 
2010
Loss per common share — basic
 
 
 
 
 
 
 
 
Net loss
 
$
(9,450
)
 
$
(23,362
)
 
$
(15,580
)
 
$
(25,854
)
Less: Capital Purchase Program "CPP" Preferred Dividends (1)
 
288

 
269

 
288

 
506

Dividends paid and undistributed (losses)/earnings allocated to participating securities
 
—

 
(172
)
 
—

 
(187
)
Net Loss Available to Common Shareholders
 
$
(9,738
)
 
$
(23,459
)
 
$
(15,868
)
 
$
(26,173
)
Weighted average common shares outstanding (2)
 
165,983

 
165,535

 
165,852

 
165,526

Loss per common share
 
$
(58.67
)
 
$
(141.72
)
 
$
(95.68
)
 
$
(158.12
)
Diluted Loss per common share
 
N/A

 
N/A

 
N/A

 
N/A

(1) Includes $96 of accrued preferred dividends from the three month period ended March 31, 2011
(2) Common share count reflects 1 for 15 reverse stock split which was effective on October 27, 2011



There was no diluted amount per share reported in either period due to the losses incurred.