Note 2 - Loss per Share

6 Months Ended

Jun. 30, 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):

	Six Months Ended June 30,										Three Months Ended June 30,
	2012					2011					2012					2011
	Shares		Per Share Amount			Shares		Per Share Amount			Shares		Per Share Amount			Shares		Per Share Amount
Basic EPS		35,601	$	(0.52	)		35,433	$	(0.84	)		35,601	$	(0.33	)		35,475	$	(0.56	)
Effect of Dilutive Stock Options		0		0.00			0		0.00			0		0.00			0		0.00
Diluted EPS		35,601	$	(0.52	)		35,433	$	(0.84	)		35,601	$	(0.33	)		35,475	$	(0.56	)

Because the Company had a net loss for the six and three months ended June 30, 2012 and 2011, the number of diluted shares is equal to the number of basic shares at June 30, 2012 and 2011. Outstanding stock options would have had an anti-dilutive effect on diluted EPS for the six and three months ended June 30, 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):

	Six Months Ended June 30,						Three Months Ended June 30,
	2012			2011			2012			2011
Options to purchase shares of common stock	3,869			1,160			3,869			1,160
Exercise prices	$2.76	to	$34.75	$11.52	to	$34.75	$2.76	to	$34.75	$11.52	to	$34.75
Expiration dates	July 2012 to June 2022			May 2012 to April 2021			July 2012 to June 2022			May 2012 to April 2021