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Net Income (Loss) Per Share
3 Months Ended
Mar. 31, 2012
Net Income (Loss) Per Share  
Net Income (Loss) Per Share

 

 

Note 3. Net Income (Loss) Per Share

 

Basic earnings per share is computed by dividing income available to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) for the period. The computation of diluted earnings per share is similar to basic earnings per share, except that the denominator is increased to include incremental common shares that would have been outstanding if the potentially dilutive common shares had been issued. Because the Company had net losses for the three-month period ended March 31, 2012, any potentially diluted common shares related to outstanding stock options and restricted stock units have been excluded from the calculation of net loss per share for that period because the effect would be anti-dilutive.

 

 

 

Three months ended
March 31,

 

 

 

2012

 

2011

 

 

 

(in thousands, except per share data)

 

 

 

 

 

 

 

Income (loss)

 

$

(10,028

)

$

1,812

 

 

 

 

 

 

 

Weighted average common shares outstanding used in computing basic net income (loss) per share

 

107,067

 

105,936

 

Incremental shares

 

 

4,855

 

 

 

 

 

 

 

Weighted average common shares outstanding used in computing diluted net income (loss) per share

 

107,067

 

110,791

 

Net income (loss) per share:

 

 

 

 

 

Basic

 

$

(0.09

)

$

0.02

 

Diluted

 

$

(0.09

)

$

0.02