Common Stock

6 Months Ended

Jun. 30, 2011

Common Stock.

Common Stock

Note 12.  Common Stock

On February 24, 2011, we announced that our Board of Directors had approved the implementation of a 1-for-10 reverse stock split of our common stock, $0.01 par value per share. We filed a Certificate of Amendment to our Sixth Amended and Restated Certificate of Incorporation (the “Amendment”) to implement the reverse stock split effective February 25, 2011. In addition, the Amendment reduced the number of shares of common stock authorized under the Certificate of Incorporation from 400 million to 200 million. Our shareholders approved the proposal authorizing the Board of Directors, in its discretion, to implement the reverse split and reduce the number of authorized shares of common stock at the Annual Meeting of Stockholders held on July 21, 2010. The reverse split was implemented to enable the market price per share of our common stock to close above $1.00, which is a continued listing requirement of the NASDAQ Capital Market.

At the effective time and without further action by our stockholders, every ten (10) shares of our pre-split common stock, par value $0.01 per share, were automatically converted into one (1) share of post-split common stock, par value $0.01 per share. The reverse stock split affected all issued and outstanding shares of our common stock immediately prior to the effective date of the reverse stock split.

We have retroactively restated historical earnings per share and share information as it pertains to the reverse stock split, and have reclassified the excess par value from “Common Stock” to “Additional Paid in Capital” as of December 31, 2010.

Compliance with Nasdaq Listing Requirements

On March 11, 2011, NASDAQ confirmed that we had satisfied the terms of the Nasdaq Listing Qualification Panel decision of December 3, 2010, by complying with the minimum bid price requirement of $1.00 per share and all other criteria for continued listing on The Nasdaq Stock Market.