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Loss Per Share
 9 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
LOSS PER SHARE
The following table reconciles the loss available to common shareholders (numerator) and the weighted average common shares outstanding (denominator) for both basic and diluted loss per share for the following periods (in thousands, except for per share data):
 
 
Three Months Ended
December 31,
 
Nine Months Ended December 31
 
 
2011
 
2010
 
2011 (1)
 
2010
Loss per common share — basic
 
 
 
 
 
 
 
 
Net loss
 
$
(680
)
 
$
(8,188
)
 
$
(16,260
)
 
$
(34,041
)
Less: Capital Purchase Program "CPP" Preferred Dividends (1)
 
—

 
82

 
288

 
588

Dividends paid and undistributed (losses)/earnings allocated to participating securities
 
—

 
(59
)
 
—

 
(248
)
Net Loss Available to Common Shareholders
 
$
(680
)
 
$
(8,211
)
 
$
(16,548
)
 
$
(34,381
)
Weighted average common shares outstanding (2)
 
2,621,340

 
165,619

 
984,348

 
165,557

Loss per common share
 
$
(0.26
)
 
$
(49.58
)
 
$
(16.81
)
 
$
(207.67
)
Diluted Loss per common share
 
N/A

 
N/A

 
N/A

 
N/A

(1) Includes $96 of accrued preferred dividends from the three month period ended March 31, 2011
(2) Common share count for all periods presented reflects a 1 for 15 reverse stock split which was effective on October 27, 2011
There was no diluted amount per share reported in either period due to the net losses incurred.