Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

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Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
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 1,336,749 and 273,094 for the three months ended June 30, 2014 and 2013, respectively, and 1,788,923 and 789,363 for the six months ended June 30, 2014 and 2013, respectively, were excluded from the respective 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 
 June 30,
 
Six Months Ended 
 June 30,
 
2014
 
2013
 
2014
 
2013
 
(in thousands, except per share amounts)
Numerator:
 
Net (loss) income
$
(6,291
)
 
$
4,610

 
$
(7,127
)
 
$
5,628

Denominator:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Weighted average common shares used in computing basic net income (loss) per share
77,283


74,541


77,004


74,278

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
77,283


75,781


77,004


75,665

Net (loss) income per common share:
 
 
 
 
 
 
 
Basic
$
(0.08
)
 
$
0.06

 
$
(0.09
)
 
$
0.08

Diluted
$
(0.08
)
 
$
0.06

 
$
(0.09
)
 
$
0.07