Net Income (Loss) Per Share

12 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net Income (Loss) Per Share

We calculate basic net income (loss) per share by dividing net income (loss) attributable to Concur for the period by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share attributable to Concur is computed giving effect to all potential weighted average diluted common stock, including options, restricted stock units, warrants and the senior convertible notes, using the treasury stock method.

The computation of basic and diluted net income (loss) per share is as follows:

	Year Ended September 30,
	2012			2011			2010
Net income (loss) attributable to Concur	$	(7,006	)	$	(10,743	)	$	20,144
Weighted average number of shares outstanding:
Basic	54,595			53,464			50,141
Dilutive effect of share-based equity awards	—			—			2,949
Diluted	54,595			53,464			53,090
Net income (loss) per share available to Concur's common stockholders:
Basic	$	(0.13	)	$	(0.20	)	$	0.40
Diluted	(0.13		)	(0.20		)	0.38

The following table presents shares of potential common stock outstanding that were excluded from the computation of diluted net income (loss) per share because the effect of these shares in the computation of diluted net income (loss) per share would have been anti-dilutive.

	Year Ended September 30,
	2012	2011	2010
Share-based equity awards	3,602	3,534	—
Senior convertible notes	5,491	5,491	5,491
Warrants associated with the senior convertible notes	5,491	5,491	5,491

Under the treasury stock method, the senior convertible notes will generally not have a dilutive impact on net income per share until the average stock price for the period exceeds the conversion price for the senior convertible notes (discussed in Note 10).

We also have entered into the note hedge transactions (“Note Hedges”) with respect to our common stock (discussed in Note 10), to minimize the impact of potential economic dilution upon conversion of the senior convertible notes. The Note Hedges were outstanding during 2012, 2011, and 2010. Since the beneficial impact of the Note Hedges is anti-dilutive, it is excluded from the calculation of GAAP diluted net income per share.