Note 6: Loss Per Share

Basic loss per share for the three- and nine- month periods ended September 30, 2012 and 2011 was computed by dividing net loss to common shareholders by the weighted-average number of shares of common stock outstanding, which consists of issued shares less treasury stock.

Diluted loss per share for the three- and nine- month periods ended September 30, 2012 and 2011 was computed by dividing net loss to common shareholders by the weighted-average number of shares of common stock outstanding and the dilutive effect of the shares awarded under the Company's stock option plans and the warrants issued in connection with the issuance of preferred stock to the U.S. Treasury, assuming the exercise of all in-the-money options and warrants, based on the treasury stock method using an average fair market value of the stock during the respective periods.

The following tables present the loss per share calculations for the three-month periods ended September 30, 2012 and 2011. The Company excluded all options and warrants for the calculations of diluted loss per share for the quarters ended September 30, 2012 and 2011 because such common stock equivalents would be antidilutive to the loss per share.

	Three Months Ended
Basic Loss Per Common Share	September 30, 2012			September 30, 2011
(in thousands, except per share amounts)

Net loss to common shareholders	$	(10,294	)	$	(743	)
Weighted average common shares outstanding		17,961			17,953
Basic loss per common share	$	(0.57	)	$	(0.04	)

	Three Months Ended
Diluted Loss Per Common Share	September 30, 2012			September 30, 2011
(in thousands, except per share amounts)

Net loss to common shareholders	$	(10,294	)	$	(743	)
Weighted average shares outstanding		17,961			17,953
Dilutive effects of assumed conversion and exercise of common stock options, warrants and restricted stock		0			0
Weighted average common and dilutive potential common shares outstanding		17,961			17,953
Diluted loss per common share	$	(0.57	)	$	(0.04	)

The following tables present the loss per share calculations for the nine-month periods ended September 30, 2012 and 2011. The Company excluded all options and warrants for the calculations of diluted loss per share for the nine-months ended September 30, 2012 and 2011 because such common stock equivalents would be antidilutive to the loss per share.

	Nine Months Ended
Basic Loss Per Common Share	September 30, 2012			September 30, 2011
(in thousands, except per share amounts)

Net loss to common shareholders	$	(23,186	)	$	(457	)
Weighted average common shares outstanding		17,958			17,886
Basic loss per common share	$	(1.29	)	$	(0.03	)

	Nine Months Ended
Diluted Loss Per Common Share	September 30, 2012			September 30, 2011
(in thousands, except per share amounts)

Net loss to common shareholders	$	(23,186	)	$	(457	)
Weighted average shares outstanding		17,958			17,886
Dilutive effects of assumed conversion and exercise of common stock options, warrants and restricted stock		0			0
Weighted average common and dilutive potential common shares outstanding		17,958			17,886
Diluted loss per common share	$	(1.29	)	$	(0.03	)