Loss per Common Share

6 Months Ended

Jun. 30, 2011

Loss per Common Share

Loss per Common Share

NOTE 9:   Loss per Common Share

The following table sets forth the computation of basic and diluted loss per common share (in thousands, except per share data):

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
	(Unaudited)						(Unaudited)
Numerator:
Loss applicable to common stockholders	$	(41,707	)	$	(39,605	)	$	(72,681	)	$	(70,756	)
Denominator:
Denominator for basic and diluted loss per common share	17,838			17,679			17,831			17,154
Loss per common share:
Basic and diluted	$	(2.34	)	$	(2.24	)	$	(4.08	)	$	(4.12	)

The denominator used for the calculation of diluted earnings per common share for the three and six months ended June 30, 2011 and 2010, excludes the effect of certain stock options, restricted stock, warrants and convertible preferred stock because the effect is anti-dilutive.  At June 30, 2011, there were options to purchase 461,803 shares of common stock, 342,049 shares of unvested restricted stock, warrants to purchase 3,735,000 shares of common stock, and preferred stock convertible into 5,105,488 shares of common stock.  At June 30, 2010, there were options to purchase 234,638 shares of common stock, 460,222 shares of unvested restricted stock, warrants to purchase 514,105 shares of common stock, and preferred stock convertible into 4,366,204 shares of common stock.