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Earnings Per Share
3 Months Ended
Mar. 31, 2012
Earnings Per Share  
Earnings Per Share

12.          Earnings Per Share

 

The following table presents earnings per weighted average common share outstanding for the three months ended March 31, 2012 and 2011:

 

 

 

Three Months Ended
March 31,

 

 

 

2012

 

2011

 

Basic earnings per share:

 

 

 

 

 

Loss from continuing operations attributable to common shareholders

 

$

(0.07

)

$

(0.15

)

Income (loss) from discontinued operations

 

(0.01

)

0.01

 

Loss per share — basic

 

$

(0.08

)

$

(0.14

)

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

Loss from continuing operations attributable to common shareholders

 

$

(0.07

)

$

(0.15

)

Income (loss) from discontinued operations

 

(0.01

)

0.01

 

Loss per share — diluted

 

$

(0.08

)

$

(0.14

)

 

For the three months ended March 31, 2012 and 2011, the weighted average common shares outstanding were the same for both basic and diluted shares.

 

For the three months ended March 31, 2012 and 2011, options to purchase shares of common stock were outstanding but excluded from the computation of diluted earnings per share because of their antidilutive effect.  This is a result of the net loss position in both periods.