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Earnings per share are computed by dividing net income by the weighted average number of shares
outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares determined for the basic computation plus the dilutive effect of potential common shares that could be issued under outstanding
stock options. Stock options for 1,992,132 shares were anti-dilutive for the year ended December 31, 2011. Stock options for 2,207,827 shares were anti-dilutive for the year ended December 31, 2010. Stock options for 2,179,338 shares were
anti-dilutive for the year ended December 31, 2009.
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September 30, |
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September 30, |
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September 30, |
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2011 |
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2010 |
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2009 |
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(Dollars in thousands, except per share data) |
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Numerator:
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Income (loss) from continuing operations
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$ |
230 |
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|
$ |
(37,273 |
) |
|
$ |
(21,722 |
) |
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Income from discontinued operations
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— |
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|
— |
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4,949 |
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Net income (loss)
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$ |
230 |
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|
$ |
(37,273 |
) |
|
$ |
(16,773 |
) |
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Denominator:
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Weighted average common shares outstanding—basic
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31,026 |
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30,457 |
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29,766 |
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Dilutive effect of stock options
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|
— |
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— |
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— |
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Weighted average common shares outstanding—dilutive
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31,026 |
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30,457 |
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29,766 |
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Basic earnings (loss) per share:
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Basic earnings (loss) per common share—continuing operations
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$ |
0.01 |
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$ |
(1.22 |
) |
|
$ |
(0.73 |
) |
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Basic earnings per common share-discontinued operations
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— |
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— |
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|
|
0.17 |
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Basic earnings (loss) per common share
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0.01 |
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(1.22 |
) |
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|
(0.56 |
) |
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Dilutive earnings (loss) per share:
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|
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Dilutive earnings (loss) per common share—continuing operations
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$ |
0.01 |
|
|
$ |
(1.22 |
) |
|
$ |
(0.73 |
) |
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Dilutive earnings per common share-discontinued operations
|
|
|
— |
|
|
|
— |
|
|
|
0.17 |
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Dilutive earnings (loss) per common share
|
|
|
0.01 |
|
|
|
(1.22 |
) |
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|
(0.56 |
) |
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