Basic And Diluted Loss Per Share

3 Months Ended

Sep. 30, 2011

Basic And Diluted Loss Per Share

Basic And Diluted Loss Per Share

6.      Basic and Diluted Loss Per Share

Basic loss per share is computed by dividing the net loss by the weighted average number of shares of common stock and participating securities outstanding during the periods presented. Diluted loss per share is computed by dividing the net loss by the weighted average number of shares of common stock and participating securities outstanding plus all dilutive potential common shares that result from stock options. The weighted average common shares outstanding for both basic and dilutive (in thousands), were 14,646 and 14,514, for the

three-month periods ended September 30, 2011 and 2010, respectively.

The dilutive effect of stock options excludes approximately 1.3 million and 1.4 million options for the three-month periods ended September 30, 2011, respectively for which the exercise price was higher than the average market price. In addition, 54,499 and 2,023 of potentially dilutive stock options where the exercise price was lower than the average market price were excluded from diluted weighted average common shares outstanding for the three-month periods ended September 30, 2011 and 2010, respectively, as they would be anti-dilutive due to our net loss for such periods.