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Per Share Data (Tables)
9 Months Ended
Sep. 30, 2012
Per Share Data [Abstract]  
Schedule of basic and diluted earnings per share attributable common stockholders

For the periods presented, the following table sets forth the computation of basic and, where applicable,* diluted earnings per share attributable to common stockholders (dollars in thousands, except per share data):

 

                                 
   

Three Months Ended

September 30,

   

Nine Months Ended

September 30,

 
    2012     2011     2012     2011  

Numerator:

                               

Net income (loss) attributable to common stockholders

  $ 1,037     $ (2,550   $ 2,724     $ (6,479

Add: Impact of assumed conversions
Interest on convertible debts

    233       —         696       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to common stockholders after assumed conversions

  $ 1,270     $ (2,550   $ 3,420     $ (6,479

Denominator:

                               

Weighted average common shares – basic

    59,252       58,379       59,252       56,283  

Effect of dilutive securities:

                               

Series C convertible preferred stock

    3,300       —         3,300       —    

Series D convertible preferred stock

    7,206       —         6,770       —    

Stock options

    —         —         —         —    

Warrants

    —         —         —         —    

Convertible debts

    20,766       —         20,712       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares – diluted

    90,524       58,379       90,034       56,283  
   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per share:

                               

Basic

  $ 0.02     $ (0.04   $ 0.05     $ (0.12
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

  $ 0.01       n/a     $ 0.04       n/a  
   

 

 

           

 

 

         

 

* No diluted per share data is presented for loss periods because to do so would be anti-dilutive.