Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2013

Net Income (Loss) Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

11. 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, 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,
	2013		2012
Numerator:
Net income (loss) used in computing basic and diluted net income (loss) per share	$	2,253	$	(219	)
Denominator:
Shares used in computation of basic net income (loss) per share   (weighted average common shares outstanding)		27,424		27,941
Dilutive potential common shares:
Restricted Stock and RSUs		303		0
Stock options		567		0
Shares used in computation of diluted net income (loss) per share		28,294		27,941
Basic net income (loss) per share	$	0.08	$	(0.01	)
Diluted net income (loss) per share	$	0.08	$	(0.01	)

For the three months ended March 31, 2013, options to purchase approximately 1.4 million shares of common stock, with exercise prices greater than the average fair market value of the Company’s stock of $7.84 per share were not included in the calculation because the effect would have been anti-dilutive.

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 months 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