Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share

v2.4.0.8
Net Income (Loss) Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share
Basic net income (loss) per share was 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 was 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 1,058,334, 644,299 and 3,180,852 shares were excluded from the dilutive shares outstanding because their effect was anti-dilutive for the years ended December 31, 2013, 2012, and 2011, respectively.
The following table presents the calculation of basic and diluted net income per share attributable to common stockholders:
 
 
 
Year Ended December 31,
 
 
2013
 
2012
 
2011
 
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
Net income (loss)
 
$
20,692

 
$
5,183

 
$
(1,231
)
Denominator:
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
Weighted average common shares used in computing basic net income (loss) per share
 
74,962

 
71,838

 
68,480

Diluted:
 
 
 
 
 
 
Weighted average common shares used in computing basic net income (loss) per share
 
74,962

 
71,838

 
68,480

Add weighted average effect of dilutive securities:
 
 
 
 
 
 
Stock options and restricted stock
 
1,225

 
2,164

 
—

Weighted average common shares used in computing diluted net income (loss) per share
 
76,187

 
74,002

 
68,480

Net income (loss) per common share:
 
 
 
 
 
 
Basic
 
$
0.28

 
$
0.07

 
$
(0.02
)
Diluted
 
$
0.27

 
$
0.07

 
$
(0.02
)