Quarterly report pursuant to Section 13 or 15(d)

Net Income Loss Per Common Share (EPS)

 v2.3.0.11
Net Income Loss Per Common Share (EPS)
 3 Months Ended
Mar. 31, 2011
Net Income Loss Per Common Share (EPS) [Abstract]  
Net Income Loss Per Common Share (EPS)
4.
Net Income (Loss) Per Common Share (EPS):

Basic EPS is computed by dividing net income (loss) available to common stockholders (numerator) by the weighted average number of common shares outstanding (denominator) for the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period. The computation of diluted EPS uses the average market prices during the period. All amounts in the following table are in thousands except per share data.

Basic net loss per common share is computed using the weighted-average number of shares of common stock outstanding.
 
The following table represents the calculation of basic and diluted net loss per common share (in thousands, except per share data):

   
Three Months Ended
  
   
June 30,
  
   
2011
    
2010
  
             
Net (loss) income from continuing operations
   $ (992 )   $ (474 )
                 
Loss from discontinued operations, net of taxes
     (2 )     (1,994 )
                 
Net loss applicable to common stockholders
   $ (994 )   $ (2,468 )
Basic and diluted:
                
Weighted-average common shares outstanding
     1,689       1,685  
Weighted-average common shares used in diluted net (loss) income per common share
     1,689       1,685  
                 
Net (loss) income per share from continuing operations:
                
Basic
   $ (0.59 )     (0.28 )
Diluted
   $ (0.59 )   $ (0.28 )
                 
Net (loss) income per share from asset sale and discontinued operations:
                
Basic
   $ (0.00 )   $ (1.18 )
Diluted
   $ (0.00 )   $ (1.18 )
                 
Net (loss) income per share:
                
Basic
   $ (0.59 )     (1.46 )
Diluted
   $ (0.59 )     (1.46 )

Outstanding options and RSUs of 442,177 and 633,543 shares of common stock at a weighted-average exercise price per share of $8.74 and $43.20 on June 30, 2011 and 2010, respectively, were not included in the computation of diluted net (loss) income per common share for the three month periods presented as a result of their anti-dilutive effect. Such securities could potentially dilute earnings per share in future periods.