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Per Share Information
 3 Months Ended
Dec. 31, 2011
Per Share Information [Abstract]  
Per Share Information

Basic earnings per share is calculated as income (loss) available to common stockholders, divided by the weighted average number of common shares outstanding during the period. If the effect is dilutive, participating securities are included in the computation of basic earnings per share. Our participating securities do not have a contractual obligation to share in the losses in any given period. As a result, these participating securities will not be allocated any losses in the periods of net losses, but will be allocated income in the periods of net income using the two-class method.

The following table reconciles the components of the basic and diluted earnings (loss) per share for the three months ended December 31, 2011 and 2010, (in thousands, except share information):

  Three Months Ended December 31,
  2011 2010
Numerator:      
Net income (loss) from continuing operations attributable to common shareholders $ (3,723) $ (4,299)
Net income (loss) from continuing operations $ (3,723) $ (4,299)
Net income (loss) attributable to common shareholders $ (3,723) $ (4,299)
Net income (loss) attributable to restricted shareholders   -   -
Net income (loss) $ (3,723) $ (4,299)
       
Denominator:      
Weighted average common shares outstanding — basic   14,569,089   14,447,841
Effect of dilutive stock options and non-vested restricted stock   -   -
Weighted average common and common equivalent shares outstanding — diluted   14,569,089   14,447,841
       
Basic earnings (loss) per share:      
Basic earnings (loss) per share from continuing operations $(0.26) $(0.30)
Basic loss per share $(0.26) $(0.30)
Diluted earnings (loss) per share:      
Diluted earnings (loss) per share from continuing operations $(0.26) $(0.30)
Diluted loss per share $(0.26) $(0.30)

For the three months ended December 31, 2011 and 2010, 20,000 and 158,500 stock options, respectively, were excluded from the computation of fully diluted earnings per share because the exercise prices of the options were greater than the average price of our common stock. For the three months ended December 31, 2011 and 2010, 388,860 and 258,600 shares, respectively, of restricted stock were excluded from the computation of fully diluted earnings per share because we reported a loss from continuing operations.