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Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2014
Net Income (Loss) Per Share  
Net Income (Loss) Per Share

Note 12—Net Income (Loss) Per Share

 

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except per share data):

 

 

 

Three Months Ended June 30

 

Six Months Ended June 30

 

 

 

2014

 

2013

 

2014

 

2013

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss):

 

 

 

 

 

 

 

 

 

Continuing operations

 

$
12,655

 

$
(4,155

)

$
23,562

 

$
7,902

 

Discontinued operation

 
(16

)
110

 
(37

)
88

 

 

 

 

 

 

 

 

 

 

 

Total operations

 

$
12,639

 

$
(4,045

)

$
23,525

 

$
7,990

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic net income (loss) per share - weighted average shares outstanding

 
51,456

 
51,639

 
51,314

 
51,101

 

 

 

 

 

 

 

 

 

 

 

Dilutive common equivalent shares:

 

 

 

 

 

 

 

 

 

Employee stock options and other

 
2,084

 

—

 
2,172

 
1,142

 

 

 

 

 

 

 

 

 

 

 

Denominator for diluted net income (loss) per share - weighted average shares outstanding, assuming exercise of potential dilutive common equivalent shares

 
53,540

 
51,639

 
53,486

 
52,243

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share (1):

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

Continuing operations

 

$
0.25

 

$
(0.08

)

$
0.46

 

$
0.15

 

Discontinued operation

 
(0.00

)
0.00

 
(0.00

)
0.00

 

 

 

 

 

 

 

 

 

 

 

Total operations

 

$
0.25

 

$
(0.08

)

$
0.46

 

$
0.16

 

 

 

 

 

 

 

 

 

 

 

Diluted:

 

 

 

 

 

 

 

 

 

Continuing operations

 

$
0.24

 

$
(0.08

)

$
0.44

 

$
0.15

 

Discontinued operation

 
(0.00

)
0.00

 
(0.00

)
0.00

 

 

 

 

 

 

 

 

 

 

 

Total operations

 

$
0.24

 

$
(0.08

)

$
0.44

 

$
0.15

 

 

(1)

Net income (loss) per share is based on actual calculated values and totals may not sum due to rounding.

 

Weighted average stock options, SARs and RSUs of approximately 1.5 million and 1.3 million for the three and six months ended June 30, 2014, respectively, were excluded from the calculation of diluted net income (loss) per share because their inclusion would have been anti-dilutive. Similarly, weighted average stock options, SARs and RSUs of 7.8 million and 4.6 million were excluded in the comparable periods of 2013, respectively. When in a net loss position, all outstanding common equivalent shares are excluded from the denominator as their inclusion would be anti-dilutive, which was the case for the three months ended June 30, 2013.