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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Six months ended

(dollars in thousands, except per share data)

 

June 30,

 

June 30,

 

 

2013

 

2012

 

2013

 

2012

Basic and Diluted Earnings per Share

 

 

 

 

 

 

 

 

 

 

 

 

Calculation:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator: basic

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable

 

 

 

 

 

 

 

 

 

 

 

 

to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

1,250 

 

$

(2,125)

 

$

(2,772)

 

$

(5,299)

Discontinued operations

 

 

287 

 

 

3,720 

 

 

(586)

 

 

2,272 

Net earnings (loss) attributable to

 

 

 

 

 

 

 

 

 

 

 

 

common shareholders - total basic

 

$

1,537 

 

$

1,595 

 

$

(3,358)

 

$

(3,027)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator: diluted

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable

 

 

 

 

 

 

 

 

 

 

 

 

to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

1,250 

 

$

(2,125)

 

$

(2,772)

 

$

(5,299)

Preferred C dividend

 

 

469 

 

 

 

 

 

 

Derivative Liability change

 

 

 

 

 

 

 

 

 

 

 

 

in fair market value

 

 

(2,137)

 

 

 

 

 

 

Total continuing operations

 

 

(418)

 

 

(2,125)

 

 

(2,772)

 

 

(5,299)

Discontinued operations

 

 

287 

 

 

3,720 

 

 

(586)

 

 

2,272 

Net earnings (loss) attributable to

 

 

 

 

 

 

 

 

 

 

 

 

common shareholders - total diluted

 

$

(131)

 

$

1,595 

 

$

(3,358)

 

$

(3,027)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number

 

 

 

 

 

 

 

 

 

 

 

 

of common shares - basic

 

 

23,113,174 

 

 

23,074,848 

 

 

23,107,085 

 

 

23,072,641 

of common shares - diluted

 

 

53,114,796 

 

 

23,074,848 

 

 

23,107,085 

 

 

23,072,641 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted  Earnings

 

 

 

 

 

 

 

 

 

 

 

 

Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable

 

 

 

 

 

 

 

 

 

 

 

 

to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

per weighted average common share:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations - Basic

 

$

0.06 

 

$

(0.09)

 

$

(0.12)

 

$

(0.23)

Discontinued operations - Basic

 

 

0.01 

 

 

0.16 

 

 

(0.03)

 

 

0.10 

Total - Basic EPS

 

$

0.07 

 

$

0.07 

 

$

(0.15)

 

$

(0.13)

Continuing operations - Diluted

 

$

(0.01)

 

$

(0.09)

 

$

(0.12)

 

$

(0.23)

Discontinued operations - Diluted

 

 

0.01 

 

 

0.16 

 

 

(0.03)

 

 

0.10 

Total - Diluted EPS

 

$

0.00 

 

$

0.07 

 

$

(0.15)

 

$

(0.13)

 

Schedule Of Potentially Dilutive Securities Excluded From Computation Of Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Six months ended

 

June 30,

 

June 30,

 

2013

 

2012

 

2013

 

2012

Preferred operating units

 

11,424 

 

 

11,424 

Outstanding stock options

223,000 

 

215,500 

 

223,000 

 

215,500 

Unvested stock awards outstanding

 

592 

 

12,751 

 

296 

Warrants

30,000,000 

 

30,299,403 

 

30,000,000 

 

24,197,802 

Series C preferred stock

 

30,000,000 

 

30,000,000 

 

24,497,205 

Total potentially dilutive securities

 

 

 

 

 

 

 

excluded from the denominator

30,223,000 

 

60,526,919 

 

60,235,751 

 

48,922,227