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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

 

$

1,095 

 

$

(2,317)

 

$

(2,794)

 

$

(5,467)

Discontinued operations

 

 

442 

 

 

3,912 

 

 

(564)

 

 

2,440 

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

 

$

1,095 

 

$

(2,317)

 

$

(2,794)

 

$

(5,467)

Preferred C dividend

 

 

469 

 

 

 

 

 

 

Derivative Liability change

 

 

 

 

 

 

 

 

 

 

 

 

in fair market value

 

 

(2,137)

 

 

 

 

 

 

Total continuing operations

 

 

(573)

 

 

(2,317)

 

 

(2,794)

 

 

(5,467)

Discontinued operations

 

 

442 

 

 

3,912 

 

 

(564)

 

 

2,440 

Net earnings (loss) attributable to

 

 

 

 

 

 

 

 

 

 

 

 

common shareholders - total diluted

 

$

(131)

 

$

1,595 

 

$

(3,358)

 

$

(3,027)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number

 

 

 

 

 

 

 

 

 

 

 

 

of common shares - basic

 

 

2,889,147 

 

 

2,884,356 

 

 

2,888,386 

 

 

2,884,080 

of common shares - diluted

 

 

6,639,350 

 

 

2,884,356 

 

 

2,888,386 

 

 

2,884,080 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted  Earnings

 

 

 

 

 

 

 

 

 

 

 

 

Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable

 

 

 

 

 

 

 

 

 

 

 

 

to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

per weighted average common share:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations - Basic

 

$

0.38 

 

$

(0.81)

 

$

(0.97)

 

$

(1.90)

Discontinued operations - Basic

 

 

0.15 

 

 

1.36 

 

 

(0.19)

 

 

0.85 

Total - Basic EPS

 

$

0.53 

 

$

0.55 

 

$

(1.16)

 

$

(1.05)

Continuing operations - Diluted

 

$

(0.09)

 

$

(0.81)

 

$

(0.97)

 

$

(1.90)

Discontinued operations - Diluted

 

 

0.07 

 

 

1.36 

 

 

(0.19)

 

 

0.85 

Total - Diluted EPS

 

$

(0.02)

 

$

0.55 

 

$

(1.16)

 

$

(1.05)

 

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

 

1,428 

 

 

1,428 

Outstanding stock options

27,875 

 

26,938 

 

27,875 

 

26,937 

Unvested stock awards outstanding

 

74 

 

1,594 

 

37 

Warrants

3,750,000 

 

3,787,425 

 

3,750,000 

 

3,024,725 

Series C preferred stock

 

3,750,000 

 

3,750,000 

 

3,062,151 

Total potentially dilutive securities

 

 

 

 

 

 

 

excluded from the denominator

3,777,875 

 

7,565,865 

 

7,529,469 

 

6,115,278