Per Share Information

6 Months Ended

Mar. 31, 2012

Per Share Information [Abstract]

Per Share Information

Basic earnings per share is calculated as income (loss) available to common stockholders, divided by the weighted average number of common shares outstanding during the period. Our restricted shares are considered participating securities, but do not have a contractual obligation to share in the losses in any given period. As a result, these participating securities will not be allocated any losses in the periods of net losses, but will be allocated income in the periods of net income using the two-class method.

The following table reconciles the components of the basic and diluted earnings (loss) per share for the Three and Six Months EndedMarch 31, 2012 and2011, (in thousands, except share information):

	Three Months Ended March 31,
	2012		2011
Numerator:
Net income (loss) from continuing operations attributable to common shareholders	$	(3,431)	$	(10,131)
Net income (loss) from continuing operations	$	(3,431)	$	(10,131)
Net income (loss) attributable to common shareholders	$	(3,431)	$	(10,131)
Net income (loss) attributable to restricted shareholders		-		-
Net income (loss)	$	(3,431)	$	(10,131)
Denominator:
Weighted average common shares outstanding — basic		14,638,678		14,481,005
Effect of dilutive stock options and non-vested restricted stock		-		-
Weighted average common and common equivalent shares outstanding — diluted		14,638,678		14,481,005
Basic earnings (loss) per share:
Basic earnings (loss) per share from continuing operations	$	(0.23)	$	(0.70)
Basic loss per share	$	(0.23)	$	(0.70)
Diluted earnings (loss) per share:
Diluted earnings (loss) per share from continuing operations	$	(0.23)	$	(0.70)
Diluted loss per share	$	(0.23)	$	(0.70)

	Six Months Ended March 31,
	2012		2011
Numerator:
Net income (loss) from continuing operations attributable to common shareholders	$	(7,154)	$	(14,430)
Net income (loss) from continuing operations	$	(7,154)	$	(14,430)
Net income (loss) attributable to common shareholders	$	(7,154)	$	(14,430)
Net income (loss) attributable to restricted shareholders		-		-
Net income (loss)	$	(7,154)	$	(14,430)
Denominator:
Weighted average common shares outstanding — basic		14,603,693		14,463,996
Effect of dilutive stock options and non-vested restricted stock		-		-
Weighted average common and common equivalent shares outstanding — diluted		14,603,693		14,463,996
Basic earnings (loss) per share:
Basic earnings (loss) per share from continuing operations	$	(0.49)	$	(1.00)
Basic loss per share	$	(0.49)	$	(1.00)
Diluted earnings (loss) per share:
Diluted earnings (loss) per share from continuing operations	$	(0.49)	$	(1.00)
Diluted loss per share	$	(0.49)	$	(1.00)

For the three months and six monthsended March 31, 2012 and2011, 352,360 and419,600 stock options, respectively, were excluded from the computation of fully diluted earnings per share because the exercise prices of the options were greater than the average price of our common stock. For the three months and six months endedMarch 31, 2012 and 2011, 388,860 and258,600shares, respectively, of restricted stock were excluded from the computation of fully diluted earnings per share because we reported a loss from continuing operations.