PER SHARE RESULTS

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE D - PER SHARE RESULTS

Basic earnings per share represents income (loss) available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options, restricted stock and the common stock warrant issued to the U.S. Treasury and are determined using the treasury stock method.

	Three Months Ended
	March 31
	Successor		Predecessor
	Company		Company
	2012		2011
Weighted average number of shares used in computing basic net income per share		28,360,196		9,581,390
Effect of dilutive stock options		25,243		-
Weighted average number of shares used in computing diluted net income per share		28,385,439		9,581,390

For the three month period ended March 31, 2012, there were 241,484 options and the warrant for 833,705 shares that were anti-dilutive as the average stock price was below the exercise price. For the three month period ended March 31, 2011, there were 299,611 options and the warrant for 833,705 shares that were anti-dilutive primarily due to the net loss.