Earnings Per Share

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Earnings Per Share [Text Block]

Earnings Per Share

Earnings per share is calculated by dividing net earnings attributable to common stockholders by the weighted average number of shares of common shares outstanding during the period. Diluted earnings per share reflects the potential dilution from the conversion or exercise into common stock of securities such as stock options and warrants. For the three months ended March 31, 2012, diluted earnings per share included 181,000 shares of common stock associated with outstanding options and warrants, 235,000 shares issuable upon conversion of our convertible preferred stock calculated using the treasury stock method, and 1,265,000 shares of unvested restricted stock.

For the three months ended March 31, 2011, diluted earnings per share included 1,790,000 shares of common stock associated with outstanding options and warrants, 2,648,000 shares issuable upon conversion of our convertible preferred stock calculated using the treasury stock method, and 695,000 shares of unvested restricted stock.