Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

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Net Income (Loss) Per Share
9 Months Ended
Sep. 30, 2012
Net Income (Loss) Per Share [Abstract]  
Net Income (Loss) Per Share
9. Net Income (Loss) Per Share

Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by using the weighted average number of common shares outstanding, including potential dilutive shares of common stock assuming the dilutive effect of outstanding stock options and restricted stock using the treasury stock method. Weighted average shares from common share equivalents in the amount of 8,521 and 239,804 shares for the three and nine months ended September 30, 2011, respectively, were excluded from the dilutive shares outstanding because their effect was anti-dilutive.

 

The following table presents the calculation of basic and diluted net income (loss) per share:

 

                                 
    Three Months  Ended
September 30,
    Nine Months  Ended
September 30,
 
    2012     2011     2012     2011  
    (in thousands, except per share amounts)  

Numerator:

                               

Net income (loss)

  $ 2,113     $ (1,106   $ 1,461     $ (1,472

Denominator:

                               

Basic:

                               

Weighted average common shares used in computing basic net income (loss) per share

    72,178       68,792       71,293       68,096  

Diluted:

                               

Add weighted average effect of dilutive securities:

                               

Stock options and restricted stock

    2,104       —         2,396       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares used in computing diluted net income (loss) per share

    74,282       68,792       73,689       68,096  

Net income (loss) per common share:

                               

Basic

  $ 0.03     $ (0.02   $ 0.02     $ (0.02

Diluted

  $ 0.03     $ (0.02   $ 0.02     $ (0.02