NET INCOME (LOSS) PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2012

Net Income Loss Per Common Share Tables

Computation of basic and diluted loss per share

The table below presents the computation of basic and diluted earnings (loss) per share:

(Amounts in thousands except share and per share amounts)	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Numerator for basic earnings (loss) per share:
Net income (loss)	$	(2,726	)	$	5,395		$	(10,265	)	$	1,059
Preferred dividends		(13	)		(99	)		(38	)		(301	)
Net income (loss) available to common shareholders	$	(2,739	)	$	5,296		$	(10,303	)	$	758
Numerator for diluted earnings (loss) per share:
Net income (loss) available to common shareholders	$	(2,739	)	$	5,296		$	(10,303	)	$	758
Preferred dividends		—			99			—			301
Interest expense on convertible debt		—			93			—			261
Net income (loss) for diluted earnings (loss) per share	$	(2,739	)	$	5,488		$	(10,303	)	$	1,320
Denominator for basic earnings (loss) per share — weighted-average shares outstanding		70,308,374			26,328,062			68,991,196			25,816,120
Effect of dilutive securities		—			30,838,150			—			33,177,845
Denominator for diluted earnings (loss) per share — weighted-average shares outstanding		70,308,374			57,166,212			68,991,196			58,993,965
Basic income (loss) per share:
Net income (loss)	$	(0.04	)	$	0.20		$	(0.15	)	$	0.04
Preferred dividends		—			(0.00	)		—			(0.01)
Net income (loss) available to common shareholders	$	(0.04	)	$	0.20		$	(0.15	)	$	0.03
Diluted income (loss) per share:
Net income (loss)	$	(0.04	)	$	0.10		$	(0.15	)	$	0.02

The Company has excluded the following securities from the calculation of diluted loss per share, as their effect would have been antidilutive:

Dilutive securities	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Restricted stock		280,000		—		346,642		—
Convertible notes payable		68,088		—		58,217		—
Convertible preferred stock		46,972		57,490		48,039		56,584
Stock options		1,137,780		603,930		1,145,604		135,342
Warrants		9,387,233		1,254,029		13,299,925		812,925
Total dilutive securities		10,920,073		1,915,449		14,898,427		1,004,851