Basic and Diluted Earnings (Loss) Per Common Share

6 Months Ended

Jun. 30, 2012

Basic and Diluted Earnings (Loss) Per Common Share [Abstract]

BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

NOTE C — BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

Equivalent shares of 527,000 and 1,125,000 related to stock options, stock settled appreciation rights and warrants for each of the periods ended June 30, 2012 and 2011, respectively, were excluded from the computation of diluted EPS because they would have been anti-dilutive.

	Three Months Ended June 30,					Six Months Ended June 30,
(Dollars in thousands, except per share data)	2012			2011		2012			2011
Basic:
Net income (loss) available to common shareholders	$	(3,272	)	$	176	$	(3,271	)	$	(403	)
Average basic shares outstanding		93,667,231			93,492,169		93,642,680			93,475,523
Basic income (loss) EPS	$	(0.03	)	$	0.00	$	(0.03	)	$	0.00
Diluted:
Net income (loss) available to common shareholders	$	(3,272	)	$	176	$	(3,271	)	$	(403	)
Average basic shares outstanding		93,667,231			93,492,169		93,642,680			93,475,523
Employee restricted stock		785,086			0		780,931			0
Average diluted shares outstanding		94,452,317			93,492,169		94,423,611			93,475,523
Diluted income (loss) EPS	$	(0.03	)	$	0.00	$	(0.03	)	$	0.00