Note H – Net Loss Per Common Share Attributable to Capitol Bancorp Limited
Computations of net loss per common share were based on the following (in 1,000s) for the periods ended March 31:
| | Three Months Ended March 31 | | | | 2012 | | | 2011 | | | | | | | | | Numerator—net income (loss) attributable to Capitol Bancorp Limited for the period | | $ | (7,912 | ) | | $ | 289 | | | | | | | | | | | Denominator: | | | | | | | | | Weighted average number of common shares outstanding, excluding unvested restricted shares of common stock (denominator for basic earnings per share) | | | 41,020 | | | | 32,164 | | | | | | | | | | | Effect of dilutive securities: | | | | | | | | | Unvested restricted shares of common stock | | | -- | | | | 711 | | | | | | | | | | | Denominator for diluted earnings per share— | | | | | | | | | Weighted average number of common shares and potential dilution | | | 41,020 | | | | 32,875 | | | | | | | | | | | Number of antidilutive stock options excluded from diluted net loss per share computation | | | 2,057 | | | | 1,716 | | | | | | | | | | | Number of antidilutive unvested restricted shares excluded from basic and diluted net loss per share computation | | | 18 | | | | 30 | | | | | | | | | | | Number of antidilutive warrants excluded from diluted net loss per share computation | | | 1,325 | | | | 1,325 | | | | | | | | | | | Net income (loss) per common share attributable to Capitol Bancorp Limited: | | | | | | | | | From continuing operations | | $ | (0.19 | ) | | $ | (0.13 | ) | From discontinued operations | | | -- | | | | 0.14 | | | | | | | | | | | Total net income (loss) per common share attributable to Capitol Bancorp Limited | | $ | (0.19 | ) | | $ | 0.01 | |
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