EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 8 — EARNINGS PER SHARE

A reconciliation of the denominators used in computing per share net income, or EPS, is as follows (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Numerator:
Net income	$	3,695	$	2,952	$	1,184	$	6,479
Denominator:
Denominator for basic net income per share - weighted average common stock outstanding	40,497		41,064		40,693		40,992
Effect of dilutive securities: stock options and awards	947		1,335		848		1,254
Denominator for diluted net income per share - weighted average shares outstanding - diluted	41,444		42,399		41,541		42,246
Basic net income per share	$	0.09	$	0.07	$	0.03	$	0.16
Diluted net income per share	$	0.09	$	0.07	$	0.03	$	0.15

Basic net (loss) income per share is computed by dividing the net (loss) income for the period by the weighted average number of common shares outstanding during the period. Diluted net (loss) income per share is computed by dividing the net (loss) income for the period by the weighted average number of common and common equivalent shares outstanding during the period.  Restricted stock (consisting of restricted stock awards, or RSAs, and restricted stock units, or RSUs) and stock options to acquire approximately 0.2 million and zero shares for the three months ended June 30, 2013 and 2012, respectively, and 0.2 million and zero shares for the six months ended June 30, 2013 and 2012, respectively, were excluded from the computations of diluted EPS because the effect of including those RSAs, RSUs, and stock options would have been anti-dilutive.