Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss)Per Share

v3.4.0.3
Net Income (Loss)Per Share
3 Months Ended
Mar. 31, 2016
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 882,035 and 1,969,119 for the three months ended March 31, 2016 and 2015, 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 March 31,
 
2016
 
2015
 
(in thousands, except per share amounts)
Numerator:
 
 
 
Net income (loss)
$
2,996

 
$
(1,608
)
Denominator:
 
 
 
Basic:
 
 
 
Weighted average common shares used in computing basic net income (loss) per share
76,656


76,956

Diluted:
 
 
 
Add weighted average effect of dilutive securities:
 
 
 
   Stock options and restricted stock
491

 

Weighted average common shares used in computing diluted net income (loss) per share
77,147


76,956

Net income (loss) per share:
 
 
 
Basic
$
0.04

 
$
(0.02
)
Diluted
$
0.04

 
$
(0.02
)