Note 15 - Loss Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Text Block]

NOTE 15 – LOSS PER SHARE

Basic loss per share is computed based on the weighted average number of shares of common stock outstanding during the period.  Diluted loss per share is computed by adjusting the weighted average number of shares of common stock outstanding by common stock equivalents attributable to dilutive stock options and restricted stock.  The computation of diluted loss per share does not assume conversion, exercise, or contingent issuance of securities that would have an antidilutive effect on loss per share.

The following table sets forth the computation of basic and diluted loss per share:

	(in thousands, except per share amounts)
	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Numerator:
Net loss	$	(6,072	)	$	(4,305	)	$	(14,431	)	$	(6,423	)
Denominator:
Denominator for basic loss per share – weighted average shares		10,312			10,294			10,310			10,304
Effect of dilutive securities:
Employee stock options and restricted stock		--			--			--			--
Denominator for diluted loss per share – adjusted weighted average shares and assumed conversions		10,312			10,294			10,310			10,304
Basic per share	$	(0.59	)	$	(0.42	)	$	(1.40	)	$	(0.62	)
Diluted loss per share	$	(0.59	)	$	(0.42	)	$	(1.40	)	$	(0.62	)
Weighted average anti-dilutive employee stock options and restricted stock		198			167			182			140