Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 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:

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(in thousands except per share amounts)
Numerator:
Income (loss) from continuing operations	$	(2,308	)	$	(1,328	)	$	(2,527	)	$	17
Gain from discontinued operations, net of tax		153			18			153			61
Net income (loss) used in computing basic and diluted net income (loss) per share	$	(2,155	)	$	(1,310	)	$	(2,374	)	$	78
Denominator:
Shares used in computation of basic net income (loss) per share (weighted average common shares outstanding)		28,058			28,610			28,000			28,431
Dilutive potential common shares:
Restricted Stock and RSUs		0			0			0			172
Stock options		0			0			0			638
Shares used in computation of diluted net income (loss) per share		28,058			28,610			28,000			29,241
Basic net income (loss) per share from:
Continuing operations	$	(0.08	)	$	(0.05	)	$	(0.09	)	$	0.00
Discontinued operations		0.00			0.00			0.00			0.00
Total	$	(0.08	)	$	(0.05	)	$	(0.09	)	$	0.00
Diluted net income (loss) per share:
Continuing operations	$	(0.08	)	$	(0.05	)	$	(0.09	)	$	0.00
Discontinued operations		0.00			0.00			0.00			0.00
Total	$	(0.08	)	$	(0.05	)	$	(0.09	)	$	0.00

As of June 30, 2012 and June 30, 2011, 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 six months ended June 30, 2012 and for the three months ended June 30, 2011, since their effect would have been anti-dilutive. These outstanding securities consisted of the following:

	June 30, 2012		June 30, 2011
	(in thousands)
Outstanding stock options		3,111		3,820
Unvested restricted stock awards		44		18
Unvested RSUs		658		503

For the six months ended June 30, 2011, after including options to purchase shares of common stock using the treasury stock method, options to purchase approximately 907,000 shares of common stock with exercise prices greater than the average fair market value of the Company’s common stock of $7.21 per share were not included in the calculation because the effect would have been anti-dilutive.