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Per Share Information
 12 Months Ended
Sep. 30, 2012
Per Share Information [Abstract]  
Per Share Information

6. 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. If the effect is dilutive, participating securities are included in the computation of basic earnings per share. Our participating securities 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 loss per share for the years ended September 30, 2012, 2011 and 2010:

  Years Ended September 30,
  2012 2011
Numerator:      
Net loss from continuing operations attributable to common shareholders $ (2,655) $ (19,561)
Net loss from continuing operations $ (2,655) $ (19,561)
Net loss from discontinued operations attributable to common shareholders $ (9,147) $ (18,262)
Net loss from discontinued operations $ (9,147) $ (18,262)
Net loss attributable to common shareholders $ (11,802) $ (37,823)
Net loss $ (11,802) $ (37,823)
       
Denominator:      
Weighted average common shares outstanding — basic   14,625,776   14,493,747
Effect of dilutive stock options and non-vested restricted stock   -   -
Weighted average common and common equivalent shares outstanding — diluted   14,625,776   14,493,747
       
Basic loss per share:      
Basic loss per share from continuing operations $(0.18) $(1.35)
Basic loss per share from discontinued operations $(0.63) $(1.26)
Basic loss per share $(0.81) $(2.61)
Diluted loss per share:      
Diluted loss per share from continuing operations $(0.18) $(1.35)
Diluted loss per share from discontinued operations $(0.63) $(1.26)
Diluted loss per share $(0.81) $(2.61)

For the years ended September 30, 2012, 2011 and 2010, 20,000, 20,000 and 158,500 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 years ended September 30, 2012, 2011 and 2010, 257,826, 376,200 and 348,086 shares, respectively, of restricted stock were excluded from the computation of fully diluted earnings per share because we reported a loss from continuing operations.