EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2011

EARNINGS (LOSS) PER SHARE

NOTE 13 — EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share attributable to the Company’s stockholders (“earnings or loss per share”) is computed by dividing net income or loss attributable to the Company’s stockholders by the weighted average number of shares of common stock outstanding for the period. The Company does not have any equity instruments that are dilutive, except for employee stock options.

The table below shows the reconciliation of the number of shares used in the computation of basic and diluted earnings (loss) per share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
	(In thousands)				(In thousands)
Weighted average number of shares used in computation of basic earnings per share		45,431		45,431		45,431		45,431
Add:
Additional shares from the assumed exercise of employee stock options		12		—		—		—
Weighted average number of shares used in computation of diluted earnings per share		45,443		45,431		45,431		45,431

For the six-month period ended June 30, 2011 and for the three and six-month periods ended June 30, 2010, the employee stock options are anti-dilutive because of the Company’s net loss from continuing operations, and therefore, they have been excluded from the diluted earnings (loss) per share calculation

The number of stock options that could potentially dilute future earnings per share and that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive was 4,272,124 and 2,791,204, respectively, for the three months ended June 30, 2011 and 2010, and 3,679,336 and 2,461,984, respectively, for the six months ended June 30, 2011 and 2010.