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Quarterly Financial Information
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)
The information presented below reflects all adjustments, which, in the opinion of management, are of a normal and recurring nature necessary to present fairly the results of operations for the periods presented (in thousands, except per share amounts).
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Year Ended December 31, 2011:
 
 
 
 
 
 
 
 
Net revenue
 
$
48,543

 
$
52,458

 
$
47,805

 
$
47,021

Gross profit
 
11,930

 
13,113

 
11,441

 
8,799

Income (loss) before income taxes and discontinued operations
 
(12
)
 
(302
)
 
(3,162
)
 
(4,859
)
Net income (loss) from continuing operations
 
(62
)
 
(367
)
 
(3,237
)
 
(4,798
)
Basic and diluted net income (loss) per share from continuing operations
 
$
—

 
$
(0.01
)
 
$
(0.06
)
 
$
(0.08
)
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Year Ended December 31, 2012:
 
 
 
 
 
 
 
 
Net revenue
 
$
54,598

 
$
47,708

 
$
48,223

 
$
44,019

Gross profit
 
15,565

 
12,661

 
12,268

 
7,877

Income (loss) before income taxes and discontinued operations
 
69

 
(2,545
)
 
(2,581
)
 
(4,596
)
Net income (loss) from continuing operations
 
160

 
(2,945
)
 
(2,734
)
 
(4,883
)
Basic and diluted net income (loss) per share from continuing operations
 
$
—

 
$
(0.05
)
 
$
(0.05
)
 
$
(0.08
)

During the first, second, third and fourth quarters of 2011, we incurred approximately $0.0 million, $0.0 million, $0.7 million and $0.0 million, respectively, of restructuring charges related to our 2008 and 2010 restructuring plan. During the first, second, third and fourth quarters of 2012, we incurred approximately $0.0 million, $0.0 million, $0.0 million and $0.0 million, respectively, of restructuring charges related to our 2008 and 2010 restructuring plans. See further discussion of our restructuring activities in Note 8.
During the preparation of the Company's consolidated financial statements for the year ended December 31, 2012 and the accounting analysis for the renewal of a long-term software contract, the Company determined that it had applied an inappropriate revenue recognition methodology in 2010 and 2011 to the contract.  The Company recorded revenue as royalty payments were received on this contract and should have deferred all the revenue and direct and incremental costs until all the deliverables, except PCS, were delivered in 2012. This was corrected in the fourth quarter of 2012, and the net out-of-period impact of these adjustments was $1.1 million, consisting of a reduction of revenue and costs of $2.0 million and $0.9 million, respectively.
2011 quarterly amounts, and amounts for the quarters ended March 31, 2012 and June 30, 2012 have been retrospectively adjusted for discontinued operations. See Note 4.