The reconciliation of the numerators and denominators of the basic and diluted EPS is as follows: | | | Three Months Ended | | | Nine Months Ended | | | (Amounts in thousands, | | September 30, | | | September 30, | | | except per share data) | | 2012 | | | 2011 | | | 2012 | | | 2011 | | | | | | | | | | | | | | | | | Basic: | | | | | | | | | | | | | | | | | | Net (loss) | | $ | (751 | ) | | $ | (7,436 | ) | | $ | (5,180 | ) | | $ | (21,410 | ) | | Less: | | | | | | | | | | | | | | | | | | Preferred stock dividends | | | (250 | ) | | | (250 | ) | | | (750 | ) | | | (750 | ) | | Accretion on preferred stock discount | | | (14 | ) | | | (14 | ) | | | (41 | ) | | | (41 | ) | | Net (loss) attributable to common shareholders | | $ | (1,015 | ) | | $ | (7,700 | ) | | $ | (5,971 | ) | | $ | (22,201 | ) | | Weighted average common shares | | | 4,773 | | | | 4,747 | | | | 4,767 | | | | 4,741 | | | | | | | | | | | | | | | | | | | | | Diluted: | | | | | | | | | | | | | | | | | | Weighted average common shares | | | 4,773 | | | | 4,747 | # | | | 4,767 | | | | 4,741 | | | Dilutive effect of stock options and warrants | | | - | | | | - | | | | - | | | | - | | | Weighted average common and incremental shares | | | 4,773 | | | | 4,747 | | | | 4,767 | | | | 4,741 | | | | | | | | | | | | | | | | | | | | | Earnings (Loss) Per Common Share: | | | | | | | | | | | | | | | | | | Basic | | $ | (0.21 | ) | | $ | (1.62 | ) | | $ | (1.25 | ) | | $ | (4.68 | ) | | Diluted | | $ | (0.21 | ) | | $ | (1.62 | ) | | $ | (1.25 | ) | | $ | (4.68 | ) |
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