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Net Income Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Net Income Per Share  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share

The following table sets forth the computation of basic and diluted net income per share applicable to common stockholders for the periods indicated (in thousands, except per share amounts):

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

138

 

$

1,785

 

$

504

 

$

4,037

 

Convertible preferred stock dividend and related accretion

 

 

 

 

(942

)

Net income applicable to common stockholders

 

$

138

 

$

1,785

 

$

504

 

$

3,095

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic weighted-average shares outstanding

 

39,061

 

38,798

 

39,215

 

38,661

 

Add: dilutive effect of options and restricted stock

 

2,421

 

1,097

 

1,698

 

999

 

Fully diluted weighted-average shares outstanding

 

41,482

 

39,895

 

40,913

 

39,660

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share applicable to common stockholders

 

$

0.00

 

$

0.05

 

$

0.01

 

$

0.08

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per share applicable to common stockholders

 

$

0.00

 

$

0.04

 

$

0.01

 

$

0.08