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Net Loss Per Share
9 Months Ended
Sep. 30, 2011
Net Loss Per Share 
Net Loss Per Share

13. 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 (in thousands, except per share amounts):

        Three Months Ended    
September  30,
        Nine Months Ended    
September  30,
 
    2011     2010     2011     2010  

Numerator:

       

 Loss from continuing operations

  $ (1,412   $ (1,215   $ (1,395   $ (3,750

  Gain from discontinued operations, net of tax

    0        82        61        143   
 

 

 

   

 

 

   

 

 

   

 

 

 

Net loss used in computing basic and diluted net loss per share

  $ (1,412   $ (1,133   $ (1,334   $ (3,607
 

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

       

  Shares used in computation of basic and diluted net loss per share

    28,918        28,134        28,595        28,087   

Basic and diluted net loss per share from:

       

  Continuing operations

  $ (0.05   $ (0.04   $ (0.05   $ (0.13

  Discontinued operations

    0.00        0.00        0.00        0.00   
 

 

 

   

 

 

   

 

 

   

 

 

 

    Total

  $ (0.05   $ (0.04   $ (0.05   $ (0.13
 

 

 

   

 

 

   

 

 

   

 

 

 

 

As of September 30, 2011 and 2010, 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 the three and nine months ended September 30, 2011 and 2010, since their effect would have been anti-dilutive. These outstanding securities consisted of the following (in thousands):

 

        September 30,
2011
    September 30,
2010
 

Outstanding stock options

      3,585            4,176       

Unvested restricted stock awards

    18            18       

Unvested RSUs

      449            424