Earnings (Loss) per Share

9 Months Ended

Sep. 30, 2011

Earnings (Loss) per Share

5. Earnings (Loss) per Share

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share is computed using the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding options and warrants, using the treasury stock method and the average market price of our common stock during the applicable period.

	For the Three Months						For the Nine Months
	Ended September 30,						Ended September 30,
in thousands, except share and per share data	2011			2010			2011			2010
Basic
Net income (loss)	$	(802	)	$	(12,205	)	$	(50,534	)	$	(20,819	)
Weighted-average common shares outstanding		68,104,934			47,426,991			65,227,084			43,333,663
Earnings (loss) per share, basic	$	(0.01	)	$	(0.26	)	$	(0.77	)	$	(0.48	)

Certain shares related to some of the Company's outstanding common stock options, unvested restricted stock and warrants have not been included in the computation of diluted earnings (loss) per share for the three and nine months ended September 30, 2011 and 2010 as the result would be anti-dilutive.  Such potential common shares at September 30, 2011 and 2010 consist of the following:

	For the Three Months				For the Nine Months
	Ended September 30,				Ended September 30,
	2011		2010		2011		2010
Stock options		4,981,398		3,528,852		4,981,398		3,528,852
Unvested restricted common stock		298,752		518,334		298,752		518,334
Warrants		13,179,885		15,924,642		13,179,885		15,924,642
		18,460,035		19,971,828		18,460,035		19,971,828