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Earnings Per Share
3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE E — EARNINGS PER SHARE (in thousands, except EPS)

We compute basic earnings (loss) per share ("basic EPS") by dividing net income (loss) by the weighted average number of common shares outstanding for the reporting period. Diluted earnings (loss) per share ("diluted EPS") using the treasury stock method gives effect to all dilutive potential shares outstanding (primarily stock options and to a lesser extent warrants). The following table provides the computation of basic and diluted earnings (loss) per share for the three month periods ending March 31, 2012 and 2011.

 

     Three Months Ended March 31,  
(in thousands, except EPS)    2012      2011  

Net income (loss)

   $ 603       $ (893
  

 

 

    

 

 

 

Basic weighted average shares outstanding

     44,697         41,734   

Effect of potentially dilutive securities

     2,727         —     
  

 

 

    

 

 

 

Diluted weighted average shares outstanding

     47,424         41,734   
  

 

 

    

 

 

 

Basic EPS

   $ 0.01       $ (0.02
  

 

 

    

 

 

 

Diluted EPS

   $ 0.01       $ (0.02