Earnings (Loss) Per Common Share

6 Months Ended

Jun. 30, 2012

Earnings (Loss) Per Common Share [Abstract]

EARNINGS (LOSS) PER COMMON SHARE

7. EARNINGS (LOSS) PER COMMON SHARE

Information with respect to basic and diluted net income (loss) per common share is presented below in thousands, except per share:

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Numerator: Income (loss) amounts attributable to Advocat Inc. common shareholders:
Net income (loss) from continuing operations	$	(431	)	$	2,939		$	(1,666	)	$	3,385
Less: income attributable to noncontrolling interests		(15	)		—			(93	)		—
Income (loss) from continuing operations attributable to Advocat Inc.		(446	)		2,939			(1,759	)		3,385
Preferred stock dividends		(86	)		(86	)		(172	)		(172	)
Income (loss) from continuing operations attributable to Advocat Inc. shareholders		(532	)		2,853			(1,931	)		3,213
Income (loss) from discontinued operations, net of income taxes		(2	)		(2	)		(143	)		(10	)
Net income (loss) attributable to Advocat Inc. Shareholders	$	(534	)	$	2,851		$	(2,074	)	$	3,203

	Three Months Ended June 30,					Six Months Ended June 30,
	2012			2011		2012			2011
Net income (loss) per common share:
Per common share – basic
Income (loss) from continuing operations	$	(0.09	)	$	0.49	$	(0.33	)	$	0.56
Income (loss) from discontinued operations
Operating income (loss), net of taxes		—			—		(0.03	)		—
Discontinued operations, net of taxes		—			—		(0.03	)		—
Net income (loss)	$	(0.09	)	$	0.49	$	(0.36	)	$	0.56
Per common share – diluted
Income (loss) from continuing operations	$	(0.09	)	$	0.48	$	(0.33	)	$	0.54
Income (loss) from discontinued operations
Operating income (loss), net of taxes		—			—		(0.03	)		—
Discontinued operations, net of taxes		—			—		(0.03	)		—
Net income (loss)	$	(0.09	)	$	0.48	$	(0.36	)	$	0.54
Weighted Average Common Shares Outstanding:
Basic		5,825			5,778		5,810			5,765
Diluted		5,825			5,934		5,810			5,906

The effects of 274,000 and 205,000 SOSARs and options outstanding were excluded from the computation of diluted earnings per common share in 2012 and 2011, respectively, because these securities would have been anti-dilutive. The weighted average common shares for basic and diluted earnings for common shares were the same due to the quarterly and the six months year to date loss in 2012.