Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.2.0.727
Net Loss Per Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Loss Per Share
Basic net loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted net 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 667,244 and 1,336,749 for the three months ended, and 1,106,796 and 1,788,923 for the six months ended June 30, 2015 and 2014, 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 loss per share:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
 
Net loss
$
(3,318
)
 
$
(6,291
)
 
$
(4,926
)
 
$
(7,127
)
Denominator:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Weighted average common shares used in computing basic net loss per share
76,799

 
77,283


76,877


77,004

Diluted:
 
 
 
 
 
 
 
Add weighted average effect of dilutive securities:
 
 
 
 
 
 
 
   Stock options and restricted stock
—

 
—

 
—

 
—

Weighted average common shares used in computing diluted net loss per share
76,799

 
77,283


76,877


77,004

Net loss share:
 
 
 
 
 
 
 
Basic
$
(0.04
)
 
$
(0.08
)
 
$
(0.06
)
 
$
(0.09
)
Diluted
$
(0.04
)
 
$
(0.08
)
 
$
(0.06
)
 
$
(0.09
)