Note 2 - Loss per Share

9 Months Ended

Sep. 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):

	Nine Months Ended September 30,										Three Months Ended September 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	$	(0.57	)		35,480	$	(1.28	)		35,601	$	(0.05	)		35,572	$	(0.43	)
Effect of Dilutive Stock Options		0		0.00			0		0.00			0		0.00			0		0.00
Diluted EPS		35,601	$	(0.57	)		35,480	$	(1.28	)		35,601	$	(0.05	)		35,572	$	(0.43	)

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

	Nine Months Ended September 30,				Three Months Ended September 30,
	2012		2011		2012		2011
Options to purchase shares of common stock		3,771		1,480		3,771		1,712
Exercise price range
Low	$	2.76	$	9.77	$	2.76	$	5.12
High	$	34.75	$	34.75	$	34.75	$	34.75
Expiration date range
Earliest	December 2012		May 2012		December 2012		May 2012
Latest	August 2022		August 2021		August 2022		September 2021