Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

12. Earnings Per Share

          A two class method is used to determine earnings per share. We have no undistributed earnings. The following is a reconciliation of the amounts used in calculating basic and diluted net loss per share (in thousands, except share and per share data):

	For the three months ended						For the six months ended
	June 30,						June 30,
	2011			2010			2011			2010
Numerator:
Net loss attributable to common shareholders	$	(1,936	)	$	(642	)	$	(1,955	)	$	(642	)
Dividends paid on unvested restricted shares		(10	)		—			(23	)		—
Net loss attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	(1,946	)	$	(642	)	$	(1,978	)	$	(642	)
Denominator:
Weighted average number of common shares — basic		13,757,449			7,119,725			12,784,515			3,580,028
Effect of dilutive securities:
Unvested restricted shares (1)		—			—			—			—
Weighted average number of common shares — diluted		13,757,449			7,119,725			12,784,515			3,580,028
Basic Earnings per Common Share:
Net loss attributable to common shareholders per weighted average common share excluding amounts attributable to unvested restricted shares	$	(0.14	)	$	(0.09	)	$	(0.15	)	$	(0.18	)
Diluted Earnings per Common Share:
Net loss attributable to common shareholders per weighted average common share excluding amounts attributable to unvested restricted shares	$	(0.14	)	$	(0.09	)	$	(0.15	)	$	(0.18	)

(1) Anti-dilutive for all periods presented.