Note 3 - Loss per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Text Block]

Note 3: Loss per Share

Basic loss per share is computed using the weighted average number of shares outstanding during the period. Diluted loss per share uses the weighted average common shares outstanding plus dilutive stock options, stock appreciation rights, and unvested restricted stock units using the treasury method. Because we have reported losses for the periods presented, none of our stock options or stock appreciation rights are included in the diluted per share calculations.

Restricted stock units are considered outstanding common shares and included in the computation of basic earnings per share as of the date that all necessary conditions of vesting are satisfied. Stock options, stock appreciation rights, and unvested restricted stock units are excluded from the dilutive earnings per share calculation when their impact is antidilutive. Prior to satisfaction of all conditions of vesting, unvested restricted stock units are considered contingently issuable and are excluded from weighted average common shares outstanding.

The following table sets forth the computation of basic and diluted loss per share:

	Three months ended September 30,						Nine months ended September 30,
Shares in thousands	2012			2011			2012			2011
Net loss attributable to Market Leader	$	(1,943	)	$	(2,961	)	$	(6,611	)	$	(10,151	)
Weighted average common shares outstanding		26,099			25,273			25,761			25,169
Dilutive effect of equity-based awards		—			—			—			—
Diluted shares		26,099			25,273			25,761			25,169
Net loss per share—basic and diluted	$	(0.07	)	$	(0.12	)	$	(0.26	)	$	(0.40	)
Antidilutive equity-based awards		6,544			6,603			6,544			6,603
Unvested restricted stock units		719			657			719			657