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Earnings Per Share
9 Months Ended
Sep. 30, 2011
Earnings Per Share [Abstract] 
Earnings Per Share

Note 8. Earnings Per Share

Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding. Diluted net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares and dilutive common stock equivalent shares outstanding.

 

     Three Months Ended September 30,  
     2011     2010  
     (in thousands, except per share data)  

Net loss

   $ (4,020   $ (7,293

Weighted-average number of shares of common stock and common stock equivalents outstanding:

    

Weighted-average number of common shares outstanding for computing basic earnings per share

     135,738        111,767   

Dilutive effect of warrants and stock options after application of the treasury stock method

     *        *   
  

 

 

   

 

 

 

Weighted-average number of common shares outstanding for computing diluted earnings per share

     135,738        111,767   
  

 

 

   

 

 

 

Net loss per share—basic and diluted

   $ (0.03   $ (0.07
  

 

 

   

 

 

 

 

     Nine Months Ended September 30,  
     2011     2010  
     (in thousands, except per share data)  

Net loss

   $ (908   $ (24,533

Weighted-average number of shares of common stock and common stock equivalents outstanding:

    

Weighted-average number of common shares outstanding for computing basic earnings per share

     127,523        110,863   

Dilutive effect of warrants and stock options after application of the treasury stock method*

     *        *   
  

 

 

   

 

 

 

Weighted-average number of common shares outstanding for computing diluted earnings per share

     127,523        110,863   
  

 

 

   

 

 

 

Net loss per share—basic and dilutive

   $ (0.01   $ (0.22
  

 

 

   

 

 

 

* Warrants and stock options to purchase 44,782,006 and 38,070,498 shares of common stock as of September 30, 2011 and 2010, respectively, were excluded from the net loss per share calculation as their effect would have been anti-dilutive.