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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2011
Quarterly Financial Data [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE M — QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table is the Company’s quarterly financial data under the going concern basis of accounting. The fourth quarter of 2011 was prepared under the liquidation basis of accounting and is not presented in the table below.

 

      September 30,       September 30,       September 30,       September 30,  

2010

  First
Quarter
    Second
Quarter
    Third
Quarter
    Total  

Revenues

  $ —       $ —       $ —       $ —    

Gross margin

    —         —         —         —    

Income (loss) from continuing operations, net of tax

    (825     303       (8,285     (8,807

Income (loss) from discontinued operations, net of tax

    (4,330     (9,693     47,686       33,663  

Net income (loss)

    (5,155     (9,390     39,401       24,856  

Basic and diluted earning (loss) per share:

                               

Net income (loss) from continuing operations

  $ (0.10   $ 0.04     $ (1.02   $ (1.08

Net income (loss) from discontinued operations

    (0.53     (1.19     5.84       4.12  
   

 

 

   

 

 

   

 

 

   

 

 

 
         

Total net earnings (loss) per share

  $ (0.63   $ (1.15   $ 4.82     $ 3.04