Note 10 - EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2011

(10) EARNINGS PER SHARE

Basic earnings per share includes no dilution and is computed by dividing income or loss attributed to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if security interests were exercised or converted into common stock. The following table sets forth the computation of basic and diluted income (loss) per share for the three and nine months ended September 30, 2011 and 2010 (in thousands, except per share data):

	Three Months Ended September 30, 2011						Three Months Ended September 30, 2010
	Net Income Attributed to Common Stock		Weighted- Average Shares		Per Share Income		Net Loss Attributed to Common Stock			Weighted- Average Shares		Per Share Loss
Basic EPS:

Net income (loss) attributed to common stock	$	148		18,727	$	0.01	$	(233	)		9,630	$	(0.02	)
Effect of dilutive securities
Preferred stock and put/call option (A)		-		-		-		-			-		-
Diluted earnings (loss) per share	$	148		18,727	$	0.01	$	(233	)		9,630	$	(0.02	)

	Nine Months Ended September 30, 2011								Nine Months Ended September 30, 2010
	Net Loss Attributed to Common Stock			Weighted- Average Shares		Per Share Loss			Net Income Attributed to Common Stock		Weighted- Average Shares		Per Share Income
Basic EPS:

Net income (loss) attributed to common stock	$	(722	)		15,188	$	(0.05	)	$	1,918		9,579	$	0.20
Effect of dilutive securities
Preferred stock and put/call option (B)		-			-		-			-		4		-
Diluted earnings (loss) per share	$	(722	)		15,188	$	(0.05	)	$	1,918		9,583	$	0.20

(A)

Our Series G1, Series G2 and BWI put option for the three months ended September 30, 2011 included 461 shares which were outstanding in the period presented and were excluded from the calculation of diluted earnings per share as their effect would have been antidilutive. Our Series G1 Series G2 and BWI put option for the three months ended September 30, 2010 included 3,158 shares which were outstanding in the period presented and were excluded from the calculation of diluted earnings per share as their effect would have been antidilutive.

(B)

Our Series G1, Series G2 and BWI put option for the nine months ended 2011 included 4,410 shares which were outstanding in the period presented and were excluded from the calculation of diluted earnings per share as their effect would have been antidilutive. Our Series G1 and Series G2 for the nine months ended 2010 included 1,384 shares which were outstanding in the period presented and were excluded from the calculation of diluted earnings per share as their effect would have been antidilutive.