Basic and Diluted Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2012

Basic and Diluted Net Income (Loss) Per Share [Abstract]

BASIC AND DILUTED NET INCOME (LOSS) PER SHARE

11.    BASIC AND DILUTED NET INCOME (LOSS) PER SHARE

The following table sets forth the computation of net loss per basic and diluted share (net loss amounts in millions, share amounts in thousands, per share amounts in dollars):

	2012			2011			2010
Net loss available to common shareholders (numerator)
Net loss from continuing operations	$	(0.1	)	$	(12.7	)	$	(19.4	)
Net income (loss) from discontinued operations		(0.4	)		(0.5	)		0.5
Net loss	$	(0.5	)	$	(13.2	)	$	(18.9	)
Weighted average shares outstanding (denominator)
Basic and diluted shares—continuing operations and basic shares—discontinued operations		22,892			22,160			21,547
Non-vested restricted shares and restricted stock units impacting- income from discontinued operations		—			—			964
Diluted shares—discontinued operations		22,892			22,160			22,511
Net income (loss) per share—Basic and Diluted
Net loss from continuing operations	$	—		$	(0.58	)	$	(0.90	)
Net income (loss) from discontinued operations		(0.02	)		(0.02	)		0.02
Net loss	$	(0.02	)	$	(0.60	)	$	(0.88	)

At December 31, 2012, 2011 and 2010, all outstanding stock options and all non-vested restricted shares were anti-dilutive. Anti-dilutive shares were not included in the computations of diluted loss per share amounts in 2012, 2011 and 2010 for continuing operations; however, 964,000 shares of restricted stock were dilutive for discontinued operations in 2010.

The restricted stockholders do not have a contractual obligation to participate in the losses and the inclusion of such unvested shares in our basic and dilutive per share calculations would be anti-dilutive. The Company has not included these amounts in our weighted average number of common shares outstanding for periods in which it reported a net loss. The Company has not included 1,958,465 shares and 1,872,232 shares of unvested restricted stock that had a right to participate in dividends in our basic and dilutive calculations for the years ended 2012 and 2011, respectively.