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NET LOSS PER SHARE
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
NET LOSS PER SHARE
NET LOSS PER SHARE
Basic and diluted net loss per share is computed using the weighted average number of common shares outstanding for the period, excluding unvested restricted stock and RSUs. The following is a reconciliation of the numerators and denominators used in computing basic and diluted net loss per share for both continuing and dscontinued operations:
 
 
Three months ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
 
 
(in thousands, except
per share amounts)
Numerator:
 
 
 
 
 
 
 
 
Income (loss) from continuing operations

 
$
(6,205
)
 
$
1,595

 
$
(8,900
)
 
$
1,536

Income from discontinued operations, net of tax
 
649

 
—

 
649

 
—

Net income (loss) used in computing basic net income (loss) per share
 
$
(5,556
)
 
$
1,595

 
$
(8,251
)
 
$
1,536

Denominator:
 
 
 
 
 
 
 
 
Shares used in computation of basic and diluted net income (loss) per share (weighted average common shares outstanding)
 
28,834

 
28,070

 
28,663

 
27,944

Dilutive potential common shares:
 
 
 
 
 
 
 
 
Stock options, ESPP, restricted Stock and RSUs
 
—

 
836

 
—

 
835

Shares used in computation of diluted net income (loss) per share
 
28,834

 
28,906

 
28,663

 
28,779

 
 
 
 
 
 
 
 
 
Basic net income (loss) per share:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.22
)
 
$
0.06

 
$
(0.31
)
 
$
0.05

Discontinued operations
 
0.02

 
0.00

 
0.02

 
0.00

Total
 
$
(0.20
)
 
$
0.06

 
$
(0.29
)
 
$
0.05

 
 
 
 
 
 
 
 
 
Diluted net income (loss) per share:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.22
)
 
$
0.06

 
$
(0.31
)
 
$
0.05

Discontinued operations
 
0.02

 
0.00

 
0.02

 
0.00

Total
 
$
(0.20
)
 
$
0.06

 
$
(0.29
)
 
$
0.05


The Company includes the underlying market condition stock options in the calculation of diluted earnings per share if the performance condition has been satisfied as of the end of the reporting period and excludes such options if the performance condition has not been met.

For the three months and six months ended June 30, 2015, options to purchase approximately 1.3 million and 2.1 million shares of common stock, respectively, with exercise prices greater than the average fair market value of the Company’s stock of $11.28 and $10.08 per share, respectively, were not included in the calculation because the effect would have been anti-dilutive.
As of June 30, 2016, the Company had securities outstanding that could potentially dilute basic earnings per share in the future, but these were excluded from the computation of diluted net loss per share for three months and six months ended June 30, 2016, since their effect would have been anti-dilutive. These outstanding securities consisted of the following:
 
June 30,
 
 
2016
 
Outstanding stock options
3,521,481

 
Unvested restricted stock awards
77,540

 
Unvested RSUs
510,234

 
ESPP
27,670