Quarterly report pursuant to sections 13 or 15(d)

Earnings (Loss) Per Share

v2.3.0.11
Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2011
Earnings (Loss) Per Share [Abstract]  
Earnings (Loss) Per Share
5.
Earnings (Loss) Per Share
 

Basic earnings (loss) per share excludes any dilutive effects of stock options, warrants, and convertible preferred stock.  In periods where they are anti-dilutive, such amounts are excluded from the calculations of dilutive earnings per share.

The following is a reconciliation of basic net income (loss) per share to diluted net income (loss) per share for the three and six months ended June 30, 2011 and 2010:
 
   
Three Months Ended 
June 30,
  
Six Months Ended 
June 30,
 
   
(Unaudited)
  
(Unaudited)
 
(Amounts in Thousands, Except for Per Share Amounts)
 
2011
  
2010
  
2011
  
2010
 
Income per share from continuing operations
            
Income from continuing operations
$  2,552  $2,116   2,019  $2,691 
Basic income per share
$ .05  $.04   .04  $.05 
Diluted income per share
$ .05  $.04   .04  $.05 
                  
(Loss) income per share from discontinued operations
                
(Loss) income from discontinued operations
$  (32) $(670)  180  $(608)
Basic loss per share
$ ¾  $(.01)  ¾  $(.01)
Diluted loss per share
$ ¾  $(.01)  ¾  $(.01)
                  
Weighted average common shares outstanding – basic
  55,136   54,991   55,118   54,843 
Potential shares exercisable under stock option plans
  ¾   99   5   131 
Potential shares upon exercise of Warrants
  ¾   34   ¾   38 
Weighted average shares outstanding – diluted
  55,136   55,124   55,123   55,012 
                  
                  
Potential shares excluded from above weighted average share calculations due to their anti-dilutive effect include:
                
Upon exercise of options
  2,467   1,715   2,317   1,625 
Upon exercise of Warrants
  150   ¾   150   ¾