Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock

 v2.3.0.11
Earnings per Share of Common Stock
 6 Months Ended
Jun. 30, 2011
Earnings per Share of Common Stock [Abstract]  
Earnings per Share of Common Stock
3. Earnings per Share of Common Stock
The following tables set forth the computation of basic and diluted earnings per share of common stock for the three and six months ended June 30, 2011 and 2010. The Company computed basic earnings per share for the three and six months ended June 30, 2011 and 2010 using the weighted average number of shares outstanding during the periods. Diluted earnings per share for the three and six months ended June 30, 2011 and 2010, reflects additional shares of common stock, related to our convertible senior common stock, that would have been outstanding if dilutive potential shares of common stock had been issued, as well as an adjustment to net income available to common stockholders as applicable to common stockholders that would result from their assumed issuance.
                                 
    For the three months ended June 30,     For the six months ended June 30,  
    2011     2010     2011     2010  
Calculation of basic earnings per share of common stock:
                               
 
                               
Net income (loss) available to common stockholders
  $ 331     $ (17 )   $ 772     $ 46  
 
                               
Denominator for basic weighted average shares of common stock
    9,782       8,545       9,522       8,552  
 
                               
Basic earnings per share of common stock
  $ 0.04     $ 0.00     $ 0.08     $ 0.01  
 
                       
 
                               
Calculation of diluted earnings per share of comon stock:
                               
 
                               
Net income (loss) available to common stockholders
  $ 331     $ (17 )   $ 772     $ 46  
Add: Income impact of assumed conversion of senior common stock
    15       —       31       —  
 
                       
Net income (loss) available to common stockholders plus assumed conversions
  $ 346     $ (17 )   $ 803     $ 46  
 
                               
Denominator for basic weighted average shares of common stock
    9,782       8,545       9,522       8,552  
Effect of convertible senior common stock
    52       — (1)     52       1  
 
                       
Denominator for diluted weighted average shares of common stock
    9,834       8,545       9,574       8,553  
 
                       
 
                               
Diluted earnings per share of common stock
  $ 0.04     $ 0.00     $ 0.08     $ 0.01  
 
                       
 
(1)   The convertible senior common stock was excluded from the calculation of diluted earnings per share for the three months ended June 30, 2010 because it was anti-dilutive.