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(Loss) Income Per Share
 6 Months Ended
Jun. 30, 2011
(Loss) Income Per Share [Abstract]  
(Loss) Income Per Share
    (Loss) Income Per Share


Basic (loss) income per share is calculated by dividing net (loss) income by the weighted average common shares outstanding during the period. Diluted (loss) income per share is calculated by dividing net (loss) income by the sum of the weighted average common shares outstanding during the period plus dilutive common stock equivalents.


For the three and six months ended June 30, 2011, the Company's weighted average shares outstanding used for computing diluted loss per share was the same as that used for computing basic loss per share for the three and six month periods ended June 30, 2011 because the inclusion of common stock equivalents would have been antidilutive.


The computation of basic and diluted earnings per share was as follows (in thousands, except share and per share data):


 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2011
 
2010
 
2011
 
2010
 
 
 
 
 
 
 
 
Net (loss) income - basic and diluted
$
(1,621
)
 
$
1,222


 
$
(1,678
)
 
$
518


 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
  Weighted average shares outstanding - basic
69,599,477


 
69,566,125


 
69,594,559


 
69,283,316


  Effect of dilutive common stock options
—


 
422,503


 
—


 
672,585


  Weighted average shares outstanding - diluted
69,599,477


 
69,988,628


 
69,594,559


 
69,955,901


 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
  Net (loss) income - basic
$
(0.02
)
 
$
0.02


 
$
(0.02
)
 
$
0.01


  Net (loss) income - diluted
$
(0.02
)
 
$
0.02


 
$
(0.02
)
 
$
0.01




Outstanding stock options to purchase approximately 3,675,000 and 3,592,000 shares of the Company's common stock were excluded from the calculation of diluted (loss) earnings per share for the three and six month periods ended June 30, 2011, respectively, and approximately 4,948,000 and 4,895,000 shares for the three and six month periods ended June 30, 2010, respectively, because their exercise prices exceeded the average market price of the Company's common stock for such periods and, therefore, were antidilutive.