Earnings Per Common Share

3 Months Ended

Mar. 31, 2012

Earnings Per Common Share [Abstract]

Earnings Per Common Share

Note 8.  Earnings Per Common Share

The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period. Diluted net income per share gives effect to stock options and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. Diluted net income per share as of March 31, 2012, does not include 2,817,834 restricted stock units and 1,313,483 stock options as their effect was anti-dilutive.

	Three Months Ended
	March 31, 2012			March 31, 2011
Net loss	$	(17,433,529	)	$	(5,810,281	)
Weighted Average Shares - Basic		63,003,286			62,560,436
Dilutive effect of stock options and restricted stock units		-			-
Weighted Average Shares - Diluted		63,003,286			62,560,436
Basic Earnings Per Share	$	(0.28	)	$	(0.09	)
Diluted Earnings Per Share	$	(0.28	)	$	(0.09	)