Income per share data

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Income per share data

10. Income per share data

Basic income per common share is computed based on the weighted average number of outstanding shares of common stock. Diluted income per common share adjusts the basic weighted average common shares outstanding for the potential dilution that could occur if stock options, RSUs and convertible securities were exercised or converted into common stock.

The following table presents a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation. In the table below, net (loss) income represents the numerator and weighted average common shares outstanding represent the denominator:

	Three Months Ended March 31,
	2013			2012
	(In thousands, except per share data)
Net (loss) income	$	(2,317	)	$	1,701
Weighted average basic common shares outstanding		27,974			27,235
Dilutive effect of stock-based awards		NA			999
Weighted average diluted common shares outstanding		27,974			28,234
(Loss) earnings per share:
Basic	$	(0.08	)	$	0.06
Diluted	$	(0.08	)	$	0.06

NA – Not applicable because the effect was anti-dilutive given the Company’s losses during the period.

Due to the cash settlement feature of the principal amount of the Notes, we only include the impact of the conversion feature in our diluted earnings per common share calculation when the average stock price exceeds the conversion price of the Notes, which did not occur for the three months ended March 31, 2013 and 2012.

For the three months ended March 31, 2013, share equivalents were not included in the computation of diluted earnings per share as the effect was anti-dilutive given the Company’s losses for this period. For the three months ended March 31, 2012, certain stock options to purchase common stock were not included in the computation of diluted earnings per share as their effect was anti-dilutive because their exercise prices exceeded the average market price of the Company’s common stock during the period. The weighted average effect of potentially dilutive securities that have been excluded from the calculation of diluted net income per common share because the effect was anti-dilutive was 1,658,837 and 419,594 for the three months ended March 31, 2013 and 2012, respectively.