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v2.3.0.11
Note 12 - EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2011
Earnings Per Share [Text Block]
(12)       EARNINGS PER SHARE

Basic earnings per share includes no dilution and is computed by dividing income or loss attributed to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if security interests were exercised or converted into common stock. The following table sets forth the computation of basic and diluted income (loss) per share for the three and six months ended June 30, 2011 and 2010 (in thousands, except per share data):

   
Three Months Ended June 30, 2011
   
Three Months Ended June 30, 2010
 
   
Net Loss Attributed to Common Stock
   
Weighted-Average Shares
   
Per Share Loss
   
Net Income Attributed to Common Stock
   
Weighted-Average Shares
   
Per Share Income
 
Basic EPS:
                                   
                                     
Net income (loss) attributed to common stock
  $ (303 )     16,715     $ (0.02 )   $ 1,653       9,554     $ 0.17  
Effect of dilutive securities
                                               
Preferred stock and put/call option (A)
    -       -       -       -       4       -  
Diluted earnings (loss) per share
  $ (303 )     16,715     $ (0.02 )   $ 1,653       9,558     $ 0.17  

   
Six Months Ended June 30, 2011
   
Six Months Ended June 30, 2010
 
   
Net Loss Attributed to Common Stock
   
Weighted-Average Shares
   
Per Share Loss
   
Net Income Attributed to Common Stock
   
Weighted-Average Shares
   
Per Share Income
 
Basic EPS:
                                   
                                     
Net income (loss) attributed to common stock
  $ (870 )     13,389     $ (0.06 )   $ 2,151       9,554     $ 0.23  
Effect of dilutive securities
                                               
Preferred stock and put/call option (B)
    -       -       -       -       4       -  
Diluted earnings (loss) per share
  $ (870 )     13,389     $ (0.06 )   $ 2,151       9,558     $ 0.23  

(A)
Our Series G1, Series G2 and BWI put option for the three months ended June 30, 2011 included 2,531 shares which were outstanding in the period presented and were excluded from the calculation of diluted earnings per share as their effect would have been antidilutive. Our Series G1 and Series G2 for the three months ended June 30, 2010 included 461 shares which were outstanding in the period presented and were excluded from the calculation of diluted earnings per share as their effect would have been antidilutive.

(B)
Our Series G1, Series G2 and BWI put option for the six months ended 2011 included 4,606 shares which were outstanding in the period presented and were excluded from the calculation of diluted earnings per share as their effect would have been antidilutive. Our Series G1 and Series G2 for the six months ended 2010 included 923 shares which were outstanding in the period presented and were excluded from the calculation of diluted earnings per share as their effect would have been antidilutive.