Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v2.4.0.8
Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2013
Net Income (Loss) Per Share

9. Net Income (Loss) Per Share

Basic net income per share is computed by dividing the net income by the weighted average number of common shares outstanding during the period. Diluted net income 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 2,236,933 and 2,456,022 shares were excluded from the dilutive shares outstanding because their effect was anti-dilutive for the three and six months ended June 30, 2012, respectively.

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

 

     Three Months Ended     Six Months Ended  
     June 30,     June 30,  
     2013      2012     2013      2012  
     (in thousands, except per share amounts)  

Numerator:

  

Net income (loss)

   $ 4,610       $ (2,372   $ 5,628       $ (652

Denominator:

          

Basic:

          

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

     74,541         71,102        74,278         70,846   

Diluted:

          

Add weighted average effect of dilutive securities:

          

Stock options and restricted stock

     1,240         —          1,387         —     
  

 

 

    

 

 

   

 

 

    

 

 

 

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

     75,781         71,102        75,665         70,846   

Net income (loss) per common share:

          

Basic

   $ 0.06       $ (0.03   $ 0.08       $ (0.01

Diluted

   $ 0.06       $ (0.03   $ 0.07       $ (0.01