Note 9 - EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Text Block]

(9)           EARNINGS (LOSS) PER SHARE

Basic earnings (loss) 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 months ended March 31, 2012 and 2011 (in thousands, except per share data):

	Three Months Ended March 31, 2012								Three Months Ended March 31, 2011
	Net Loss Attributed to Common Stock			Weighted- Average Shares		Per Share  Loss			Net Income (Loss) Attributed to Common Stock			Weighted- Average Shares		Per Share  Income (Loss)
Basic EPS:
Loss from continuing operations (B)	$	(875	)			$	(0.05	)	$	(806	)			$	(0.08	)
Income (loss) from discontinued operations		(259	)				(0.01	)		239					0.02
Net loss attributed to common stock	$	(1,134	)		18,468	$	(0.06	)	$	(567	)		10,026	$	(0.06	)
Effect of dilutive securities
Preferred stock and put/call option (A)		-			-		-			-			-		-
Diluted loss per share	$	(1,134	)		18,468	$	(0.06	)	$	(567	)		10,026	$	(0.06	)

(A)   Our Series G1 preferred, Series G2 preferred and BWI put option for the three months ended March 31, 2012 and 2011 included 461 shares and 4,410 shares, respectively, which were issuable upon their conversion in the period presented and were excluded from the calculation of diluted earnings per share as their effect would have been antidilutive.

(B)   Includes accrual of dividends related to preferred stock for the three months ended March 31, 2012 and 2011 of $4 thousand respectively. Also includes loss attributable to noncontrolling interests of $117 thousand for the three months ended March 31, 2011.