XML 70 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Per Share Data
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Per Share Data

NOTE 9 – PER SHARE DATA

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

 

    

Three Months Ended

June 30,

    

Six Months Ended

June 30,

 
     2013     2012      2013     2012  

Numerator:

         

Net (loss) income attributable to common stockholders

   $ (1,647   $ 1,607       $ (3,054   $ 1,687   

Add impact of assumed conversions:

         

Interest on convertible debts

     —          231         —          223   
  

 

 

   

 

 

    

 

 

   

 

 

 

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

     (1,647   $ 1,838         (3,054   $ 1,910   

Denominator:

         

Weighted average common shares – basic

     61,102        59,252         60,427        59,252   
  

 

 

      

 

 

   

Effect of dilutive securities:

     n/a           n/a     

Series C convertible preferred stock

       3,300           3,300   

Series D convertible preferred stock

       5,182           6,551   

Stock options

       —             —     

Warrants

       —             —     

Convertible debts

       20,700           12,684   
    

 

 

      

 

 

 

Weighted average common shares – diluted

       88,434           81,787   
    

 

 

      

 

 

 

(Loss) earnings per share:

         

Basic

   $ (0.03   $ 0.03       $ (0.05   $ 0.03   
  

 

 

   

 

 

    

 

 

   

 

 

 

Diluted

     n/a      $ 0.02         n/a      $ 0.02