Note 2 - Loss per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Text Block]

2. Loss per Share

The following is a reconciliation of the number of shares (denominator) used in the basic and diluted loss per share (“EPS”) computations (shares in thousands):

	Three Months Ended March 31,
	2012					2011
	Shares		Per Share Amount			Shares		Per Share Amount
Basic EPS		35,601	$	(0.19	)		35,391	$	(0.28	)
Effect of Dilutive Stock Options		0		0.00			0		0.00
Diluted EPS		35,601	$	(0.19	)		35,391	$	(0.28	)

Because the Company had a net loss for the three months ended March 31, 2012 and 2011, the number of diluted shares is equal to the number of basic shares at March 31, 2012 and 2011, respectively.  Outstanding stock options would have had an anti-dilutive effect on diluted EPS for the three months ended March 31, 2012 and 2011.  Outstanding stock options with either exercise prices or unrecognized compensation cost per share greater than the average market price of a share of the Company’s common stock also have an anti-dilutive effect on diluted EPS and were as follows (shares in thousands):

	Three Months Ended March 31,
	2012	2011
Options to purchase shares of common stock	3,971	1,169
Exercise prices	$2.87 - $34.75	$10.95 - $34.75
Expiration dates	May 2012 – February 2022	May 2012 – December 2020