Income (Loss) Per Share

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Income (Loss) Per Share

11. Income (Loss) Per Share

The following table sets forth the computation of basic and diluted loss per share for the years ended December 31, 2011 and 2010 (in thousands, except share and per share amounts):

	2011			2010
Numerator:
Net (loss) income of continuing operations	$	(1,654	)	$	4,231
Net income of discontinued operation		–			52,938
Net (loss) income attributable to controlling interests	$	(1,654	)	$	57,169
Denominator:
Basic income per share: Weighted-average shares		3,444,762			3,441,431
Dilutive employee stock options		–			4,611
Diluted income per share: Adjusted weighted-average shares and assumed conversions		3,444,762			3,446,042
Net (loss) income per share attributable to controlling interests
Basic
Continuing operations	$	(0.48	)	$	1.23
Discontinued operation		–			15.38
	$	(0.48	)	$	16.61
Diluted
Continuing operations	$	(0.48	)	$	1.23
Discontinued operation		–			15.36
	$	(0.48	)	$	16.59

For the year ended December 31, 2011, 46,034 shares of dilutive employee stock options were excluded from the Company’s diluted earnings per share calculation because their inclusion would be anti-dilutive.