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Net Income Per Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Net Income Per Share
11. NET INCOME PER SHARE

Basic net income 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 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 per share:

 

     Three Months Ended
September 30,		      Nine Months Ended
September 30,		  
     2014      2013      2014      2013  
     (in thousands except per share
amounts)		         

Numerator:

            

Net income

    $ 1,073       $ 599       $ 3,106       $ 2,752   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Shares used in computation of basic net income per share (weighted average common shares outstanding)

      28,505         28,558         28,420         28,047   

Dilutive potential common shares:

            

Restricted Stock and RSUs

      188         302         262         333   

Stock options

      658         793         673         825   
  

 

 

     

 

 

     

 

 

     

 

 

  

Shares used in computation of diluted net income per share

      29,351         29,653         29,355         29,205   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic net income per share

    $ 0.04       $ 0.02       $ 0.11       $ 0.10   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted net income per share

    $ 0.04       $ 0.02       $ 0.11       $ 0.09   
  

 

 

     

 

 

     

 

 

     

 

 

  

For the three months and nine months ended September 30, 2014, options to purchase approximately 1.6 million and 1.5 million shares of common stock, respectively, with exercise prices greater than the average fair market value of the Company’s stock of $11.27 and $11.11 per share, respectively, were not included in the calculation because the effect would have been anti-dilutive.

For the three months and nine months ended September 30, 2013, options to purchase approximately 1.2 million and 902,000 shares of common stock, respectively, with exercise prices greater than the average fair market value of the Company’s stock of $13.72 and $11.53 per share, respectively, were not included in the calculation because the effect would have been anti-dilutive.