NET (LOSS) EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

NET (LOSS) EARNINGS PER SHARE

NET EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding during the period after giving effect to all potentially dilutive securities outstanding during the period.

The following is a reconciliation of the components of the basic and diluted earnings per share calculations for the three months ended June 30, 2013, in thousands:

Numerator:
Income from continuing operations	$	7,938
Loss from discontinued operations, net of income taxes	(1,263		)
Net income	6,675
Add interest expense on Convertible Notes, net of tax effect	154
Numerator for diluted earnings per share	$	6,829
Denominator:
Basic weighted average common shares outstanding	12,550
Convertible Notes	618
Restricted stock and restricted stock units	459
Stock options	7
Denominator for diluted earnings per share	13,634

For the three and six months ended June 30, 2013 and June 30, 2012, our potentially dilutive shares include the shares underlying our Convertible Notes, restricted stock, restricted stock units, stock options, and warrants.  As of June 30, 2013 and June 30, 2012, the Convertible Notes may be converted into 0.6 million and 5.2 million shares of our common stock, respectively.  The following table shows the type and number (in thousands) of potentially dilutive shares excluded from the diluted earnings (loss) per share calculations for the periods presented as their effect would have been anti-dilutive:

	Three months ended June 30,		Six months ended June 30,
	2013	2012	2013	2012
Potentially dilutive shares:
Convertible notes	—	5,238	618	5,238
Unvested restricted stock and restricted stock units	—	1,226	961	1,226
Stock options	35	154	93	154
Warrants	3,000	3,000	3,000	3,000
Total potentially dilutive shares	3,035	9,618	4,672	9,618