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Weighted Average Shares Outstanding
9 Months Ended
Sep. 30, 2011
Weighted Average Shares Outstanding [Abstract] 
Weighted Average Shares Outstanding

NOTE 5 – WEIGHTED AVERAGE SHARES OUTSTANDING

Due to the net loss reported for the quarter and nine-month periods ending September 30, 2010, the Company has excluded 23,439 and 28,924, respectively, of potential common shares as these would have been anti-dilutive. Earnings per share have been computed based on the following weighted average number of common shares outstanding:

 

     For the Three  Months
Ended September 30,
     For the Nine  Months
Ended September 30,
 
     2011      2010      2011      2010  
     (share data in
thousands)
     (share data in
thousands)
 

Basic shares outstanding

     23,438         23,571         23,439         19,569   

Plus: Dilutive effect of ISOs

     24         —           31         —     

Plus: Dilutive effect of Restricted Grants

     97         —           60         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted shares outstanding

     23,559         23,571         23,530         19,569