Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2013

Earnings 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, 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,
	2013		2012			2013		2012
	(in thousands except except per share amounts)
Numerator:
Income (loss) from continuing operations	$	776	$	(2,308	)	$	3,029	$	(2,527	)
Gain from discontinued operations, net of tax		0		153			0		153
Net income (loss) used in computing basic and diluted net income (loss) per share	$	776	$	(2,155	)	$	3,029	$	(2,374	)
Denominator:
Shares used in computation of basic net income (loss) per share (weighted average common shares outstanding)		28,146		28,058			27,787		28,000
Dilutive potential common shares:
Restricted Stock and RSUs		272		0			323		0
Stock options		875		0			802		0
Shares used in computation of diluted net income (loss) per share		29,293		28,058			28,912		28,000
Basic net income (loss) per share from:
Continuing operations	$	0.03	$	(0.08	)	$	0.11	$	(0.09	)
Discontinued operations		0.00		0.00			0.00		0.00
Total	$	0.03	$	(0.08	)	$	0.11	$	(0.09	)
Diluted net income (loss) per share:
Continuing operations	$	0.03	$	(0.08	)	$	0.10	$	(0.09	)
Discontinued operations		0.00		0.00			0.00		0.00
Total	$	0.03	$	(0.08	)	$	0.10	$	(0.09	)

For the three months and six months ended June 30, 2013, options to purchase approximately 1.1 million and 865,000 shares of common stock, respectively, with exercise prices greater than the average fair market value of the Company’s stock of $12.79 and $10.39 per share, respectively, were not included in the calculation because the effect would have been anti-dilutive.

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

	June 30,
	2012
Outstanding stock options		3,111,411
Unvested restricted stock awards		44,000
Unvested RSUs		658,005