XML 26 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loss per common share
 3 Months Ended
Mar. 31, 2012
Loss per common share [Abstract]  
Loss per common share
5.    Loss per common share

Basic and diluted loss per common share were computed as follows:

   
Three Months Ended March 31,
 
   
(in thousands, except per share amounts)
 
   
2012
   
2011
 
Numerator:
         
   Net loss
 
$
(5,649
)
 
$
(7,937
)
                 
Denominator:
               
   Basic-weighted average shares
   
17,727
     
17,446
 
   Effect of dilutive stock options
   
-
     
-
 
   Diluted-weighted average shares
   
17,727
     
17,446
 
                 
Basic loss per common share
 
$
(0.32
)
 
$
(0.45
)
Diluted loss per common share
 
$
(0.32
)
 
$
(0.45
)

           Options totaling 433,000 and 516,000 shares were outstanding but were not included in the calculation of diluted weighted average shares for 2012 and 2011, respectively, as their effect would be anti-dilutive.  As of March 31, 2012 and 2011, the Company has granted 433,000 and 357,000 deferred stock units, respectively, which have a contractual participation right to share in current dividends and voting rights.  These deferred stock units are included in basic weighted average shares outstanding.