Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2012

Net Income (Loss) Per Share [Abstract]

Net Income (Loss) Per Share

12. NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share is computed using the weighted average number of common shares outstanding for the period, excluding unvested restricted stock and RSUs. Diluted net income (loss) per share is based upon the weighted average common shares outstanding for the period plus dilutive potential shares including unvested restricted stock and RSUs and stock options using the treasury stock method. The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income (loss) per share (in thousands, except per share amounts):

	Three Months Ended March 31,
	2012			2011
Numerator:
Income (loss) from continuing operations	$	(219	)	$	1,345
Gain from discontinued operations, net of tax		0			43
Net income (loss) used in computing basic and diluted net income (loss) per share	$	(219	)	$	1,388
Denominator:
Shares used in computation of basic net income (loss) per share (weighted average common shares outstanding)		27,941			28,249
Dilutive potential common shares:
Restricted Stock and RSUs		0			172
Stock options		0			539
Shares used in computation of diluted net income (loss) per share		27,941			28,960
Basic net income (loss) per share from:
Continuing operations	$	(0.01	)	$	0.05
Discontinued operations		0.00			0.00
Total	$	(0.01	)	$	0.05
Diluted net income (loss) per share:
Continuing operations	$	(0.01	)	$	0.05
Discontinued operations		0.00			0.00
Total	$	(0.01	)	$	0.05

As of March 31, 2012, 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 ended March 31, 2012, since their effect would have been anti-dilutive. These outstanding securities consisted of the following:

	March 31, 2012
Outstanding stock options		2,972,892
Unvested restricted stock awards		0
Unvested RSUs		749,904

For the three months ended March 31, 2011, options to purchase approximately 1.6 million shares of common stock, with exercise prices greater than the average fair market value of the Company's stock of $6.59 per share were not included in the calculation because the effect would have been anti-dilutive.