Earnings per Share

6 Months Ended

Jun. 30, 2011

Earnings per Share

4. Earnings per Share

The following table sets forth the computation of basic and diluted net loss per common share (in thousands, except per share amounts):

	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010
Loss from continuing operations	$	(1,972	)	$	(1,808	)	$	(7,707	)	$	(2,553	)
Income from discontinued operations		125			125			250			116
Net loss		(1,847	)		(1,683	)		(7,457	)		(2,437	)
Weighted-average outstanding shares of common stock		27,589			25,457			27,106			25,433
Dilutive effect of stock options and restricted stock		—			—			—			—
Common stock and common stock equivalents		27,589			25,457			27,106			25,433
Basic earnings per share:
Loss from continuing operations	$	(0.07	)	$	(0.07	)	$	(0.28	)	$	(0.10	)
Income from discontinued operations		—			—			0.01			—
Net loss per share	$	(0.07	)	$	(0.07	)	$	(0.27	)	$	(0.10	)
Diluted earnings per share:
Loss from continuing operations	$	(0.07	)	$	(0.07	)	$	(0.28	)	$	(0.10	)
Income from discontinued operations		—			—			0.01			—
Net loss per share	$	(0.07	)	$	(0.07	)	$	(0.27	)	$	(0.10	)

As of June 30, 2011 and 2010, options to purchase approximately 6.4 million and 7.6 million shares, respectively, of common stock were not included in the calculation of the weighted average shares for diluted net income per common share because the effect would have been anti-dilutive.