18. Earnings Per Share

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements

Note 18 - Earnings Per Share

The following table presents a reconciliation of shares used in calculating basic earnings (loss) per common share to those used in calculating diluted earnings (loss) per common share.

Shares Used in Calculation of Earnings Per Share: (1)	Three Months Ended				Nine Months Ended
(shares in thousands)	September 30,				September 30,
	2012		2011		2012		2011
			As restated and amended				As restated and amended
Weighted-average common shares outstanding		5,749		5,816		5,792		5,814
Weighted-average effect of dilutive potential common shares:
Restricted stock units		77		74		76		75
Employee stock options		2		—		—		—
Potential common shares		79		74		76		75
Less: Potential common shares excluded from calculation due to net losses		79		—		76		75
Dilutive potential common shares		—		74		—		—
Weighted-average common shares outstanding, including dilutive potential common shares		5,749		5,890		5,792		5,814

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(1) All share amounts for all periods reflect the 1-for-20 reverse stock split, which was effective August 10, 2012. See Note 10 to our consolidated financial statements for additional information on the reverse stock split.

As a result of the net loss from continuing operations for the three and nine months ended September 30, 2012, the Company is required to use basic weighted-average common shares outstanding in the calculation of diluted earnings per share for those periods, since the inclusion of shares of restricted stock units and options would have been anti-dilutive to the earnings per share calculation.

On August 10, 2012, a 1-for-20 reverse stock split became effective and an odd lot program was subsequently instituted following the 1-for-20 reverse stock split. The odd lot program terminated as of October 26, 2012.

The reverse stock split reduced the shares of common stock outstanding from approximately 116.0 million to approximately 5.8 million. All weighted-average common shares outstanding for the three and nine months ended September 30, 2012 and 2011, respectively, have been adjusted to reflect the 1-for-20 reverse stock split.