Earnings per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 14 – Earnings per Share

Basic income (loss) per common share is computed by dividing net income (loss) to common stockholders by the weighted average number of common shares outstanding for the period. Diluted income (loss) per share includes the effect of our outstanding stock options, warrants and shares issuable pursuant to convertible debt, convertible preferred stock and certain stock incentive plans under the treasury stock method, if including such instruments is dilutive.

	Year Ended December 31,
		2012		2011		2010
Net income (loss) to common shareholders
Basic	$	(128,049)	$	(132,969)	$	54,304
Add Effect of:
Preferred dividends		-		-		2,070
Diluted	$	(128,049)	$	(132,969)	$	56,374
Weighted Average Number of Common Shares Outstanding:
Basic		42,533		35,957		23,252
Add Effect of:
Stock compensation grants and warrants		-		-		380
Preferred stock		-		-		5,254
Diluted		42,533		35,957		28,886

For each of the periods presented, shares associated with stock options, warrants, convertible debt, convertible preferred stock and certain stock incentive plans are not included when their inclusion would be antidilutive (i.e., reduce the net loss per share). The common shares potentially issuable arising from these instruments excluded from weighted average diluted shares outstanding consisted of:

	For the Year Ended December 31,
	2012	2011	2010
Options, warrants and stock-based compensation	2,111	111	-
Convertible debt	11,532	11,078	5,691
Convertible preferred stock	4,229	4,229	-
Common shares potentially issuable	17,872	15,418	5,691