PER SHARE RESULTS

6 Months Ended

Jun. 30, 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. 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. The calculation of basic and diluted weighted average shares and the weighted average anti-dilutive stock options and warrants were as follows for each period presented:

	Successor		Predecessor		Successor		Predecessor
	Company		Company		Company		Company
	Three Months		Three Months		Six Months		Six Months
	Ended		Ended		Ended		Ended
	June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
Weighted average number of shares used in computing basic earnings per share		28,361,060		9,586,390		28,360,628		9,583,904
Effect of dilutive stock options and warrant		-		-		-		-
Weighted average number of shares used in computing diluted earnings per share		28,361,060		9,586,390		28,360,628		9,583,904
Anti-dilutive stock options		242,377		294,930		242,377		294,930
Anti-dilutive warrants		833,705		833,705		833,705		833,705