XML 37 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings (Loss) Per Common Share
 9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER COMMON SHARE
EARNINGS (LOSS) PER COMMON SHARE (UNAUDITED)
Information with respect to basic and diluted net income (loss) per common share is presented below in thousands, except per share:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2012
 
2011
 
2012
 
2011
Numerator: Income (loss) amounts attributable to Advocat Inc. common shareholders:
 
 
 
 
 
 
 
Net income (loss) from continuing operations
$
(242
)
 
$
(903
)
 
$
(1,966
)
 
$
2,337

Less: income attributable to noncontrolling interests
(16
)
 
—

 
(109
)
 
—

Income (loss) from continuing operations attributable to Advocat Inc.
(258
)
 
(903
)
 
(2,075
)
 
2,337

Preferred stock dividends
(86
)
 
(86
)
 
(258
)
 
(258
)
Income (loss) from continuing operations attributable to Advocat Inc. shareholders
(344
)
 
(989
)
 
(2,333
)
 
2,079

Income (loss) from discontinued operations, net of income taxes
262

 
30

 
177

 
165

Net income (loss) attributable to Advocat Inc. Shareholders
$
(82
)
 
$
(959
)
 
$
(2,156
)
 
$
2,244

 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2012
 
2011
 
2012
 
2011
Net income (loss) per common share:
 
 
 
 
 
 
 
Per common share – basic
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.06
)
 
$
(0.17
)
 
$
(0.40
)
 
$
0.36

Income from discontinued operations
 
 
 
 
 
 
 
Operating income, net of taxes
0.02

 
—

 
—

 
0.03

Gain on disposal, net of taxes
0.03

 
—

 
0.03

 
—

Discontinued operations, net of taxes
0.05

 
—

 
0.03

 
0.03

Net income (loss)
$
(0.01
)
 
$
(0.17
)
 
$
(0.37
)
 
$
0.39

Per common share – diluted
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.06
)
 
$
(0.17
)
 
$
(0.40
)
 
$
0.35

Income from discontinued operations
 
 
 
 
 
 
 
Operating income, net of taxes
0.02

 
—

 
—

 
0.03

Gain on disposal, net of taxes
0.03

 
—

 
0.03

 
—

Discontinued operations, net of taxes
0.05

 
—

 
0.03

 
0.03

Net income (loss)
$
(0.01
)
 
$
(0.17
)
 
$
(0.37
)
 
$
0.38

Denominator: Weighted Average Common Shares Outstanding:
 
 
 
 
 
 
 
Basic
5,828

 
5,779

 
5,816

 
5,770

Diluted
5,828

 
5,779

 
5,816

 
5,915


The effects of 239,000 and 241,000 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 nine months year to date loss in 2012 and the year to date loss in 2011.