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NET LOSS PER SHARE
9 Months Ended
Sep. 30, 2011
NET LOSS PER SHARE 
NET LOSS PER SHARE

 

 

3.  NET LOSS PER SHARE

 

Basic and diluted net loss per common share is computed on the basis of our weighted average number of common shares outstanding, as determined by using the calculations outlined below:

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(6,795

)

$

(4,482

)

$

(19,001

)

$

(12,821

)

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock

 

15,108

 

14,916

 

15,065

 

14,888

 

Dilutive effect of stock options

 

 

 

 

 

Common stock and common stock equivalents

 

15,108

 

14,916

 

15,065

 

14,888

 

 

 

 

 

 

 

 

 

 

 

Net loss per basic share

 

$

(0.45

)

$

(0.30

)

$

(1.26

)

$

(0.86

)

Net loss per diluted share

 

$

(0.45

)

$

(0.30

)

$

(1.26

)

$

(0.86

)

 

Diluted earnings per share is computed on the basis of our weighted average number of common shares outstanding plus the effect of dilutive outstanding stock options and non-vested restricted stock using the treasury stock method.  Anti-dilutive securities totaling 1,945 in both the three and nine months ended September 30, 2011 and 2,407 in both the three and nine months ended September 30, 2010 were not included in our calculation due to our net loss from continuing operations during those periods.