Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (EPS)

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Earnings Per Share (EPS)
 3 Months Ended
Jun. 30, 2013
Earnings Per Share (EPS) [Abstract]  
Earnings Per Share (EPS)
2.      Earnings Per 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.

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:

 
  
Three Months Ended June 30,
  
 
  
2013
    
2012
  
 
        
Loss from continuing operations
  
$
(679)
 
  
$
(678)
 
 
                
Loss from discontinued operations, net of taxes
    
(118)
 
    
(1)
 
 
                
Net loss applicable to common stockholders
  
$
(797)
 
  
$
(679)
 
Basic and diluted:
                
Weighted-average common shares outstanding
    
1,953
      
1,689
  
Weighted-average common shares used in per share computation
    
1,953
      
1,689
  
 
                
Net loss per share from continuing operations:
                
Basic and diluted
  
$
(0.35)
 
  
$
(0.40)
 
Net loss per share from discontinued operations:
                
Basic and diluted
  
$
(0.06)
 
  
$
(0.00)
 
Net loss per share:
                
Basic and diluted
  
$
(0.41)
 
  
$
(0.40)
 
 
Outstanding options, RSUs and ESPP’s of 414,236 and 374,833 shares of common stock at a weighted-average exercise price per share of $10.35 and $8.80 on June 30, 2013 and 2012, respectively, were not included in the computation of diluted net loss per common share for the three month periods presented as a result of their anti-dilutive effect. Also, 8,288 liability warrants with an average exercise price of $30.00 and warrants to purchase 92,888 shares of common stock with an average exercise price of $3.15 per share were not included in the computation of diluted net loss per common share. Such securities could potentially dilute earnings per share in future periods.