Loss Per Share

3 Months Ended

Mar. 31, 2012

Loss Per Share

Loss Per Share

Note 12 —Loss Per Share

Loss per share is included below as of March 31 (in thousands except for share data):

	Three Months Ended
	March 31,
	2012			2011
Basic loss per share:
Weighted-average common shares outstanding	14,043,545			13,973,870
Weighted-average common shares less stock based awards	13,855,339			13,769,856
Weighted-average common shares stock based awards	340,804			443,845
Net loss	$	(2,968	)	$	(3,120	)
Dividends and accretion of discount on preferred shares	1,223			1,159
Net loss available to common stockholders	(4,191		)	(4,279		)
Undistributed Loss	(4,191		)	(4,279		)
Basic loss per share common undistributed loss	(0.30		)	(0.30		)
Basic loss per share of common stock	$	(0.30	)	$	(0.30	)
Diluted loss per share:
Weighted-average common shares outstanding	14,043,545			13,973,870
Dilutive effect of nonvested restricted awards	152,598			239,831
Diluted average common shares outstanding	14,196,143			14,213,701
Net loss available to common stockholders	$	(4,191	)	$	(4,279	)
Diluted loss per share	$	(0.30	)	$	(0.30	)
Number of antidilutive options excluded from the diluted earnings per share calculation	1,313,839			1,416,171

The above loss per share calculation did not include 815,339 common stock warrants that were outstanding as of March 31, 2012 and March 31, 2011.