Income (Loss) Per Share Data

9 Months Ended

Nov. 30, 2011

Income (Loss) Per Share Data [Abstract]

Income (Loss) Per Share Data

2. Income (Loss) Per Share Data

Basic per share amounts exclude dilution and are computed using the weighted average number of common shares outstanding for the period. Diluted per share amounts reflect the potential reduction in earnings per share that could occur if equity based awards were exercised or converted into common stock, unless the effects are anti-dilutive (i.e., the exercise price is greater than the average market price of the common shares). Potential common shares are determined using the treasury stock method and include common shares issuable upon exercise of outstanding stock options and warrants.

The following table sets forth the computation of basic and diluted net loss per share. Since the three and nine month periods ended November 30, 2011 and 2010 resulted in a net loss, the impact of dilutive effects of stock options was not added to the weighted average shares.

	Three Months Ended November 30,						Nine Months Ended November 30,
	2011			2010			2011			2010
Numerator:
Net loss attributable to shareholders (in thousands)	$	(2,188	)	$	(5,677	)	$	(2,878	)	$	(7,345	)
Denominator:
Basic weighted-average shares outstanding		47,427,251			46,913,601			47,362,196			46,873,879
Effect of dilutive stock options and warrants		—			—			—			—
Diluted weighted-average shares outstanding		47,427,251			46,913,601			47,362,196			46,873,879
Net loss per share:
Basic	$	(0.05	)	$	(0.12	)	$	(0.06	)	$	(0.16	)
Diluted	$	(0.05	)	$	(0.12	)	$	(0.06	)	$	(0.16	)

Equity based awards not included in the per share computation because the option exercise price was greater than the average market price of the common shares are reflected in the following table.

	Three Months Ended November 30,				Nine Months Ended November 30,
	2011		2010		2011		2010
Warrants		60,000		1,316,417		60,000		1,316,417
Stock options		1,446,698		1,426,698		1,446,698		1,480,032
Total		1,506,698		2,743,115		1,506,698		2,796,449