Computation of Net Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2014

Computation of Net Earnings (Loss) per Share

Computation of Net Earnings (Loss) per Share

Note 4. Computation of Net Earnings (Loss) per Share

Basic earnings (loss) per share is computed by dividing income (loss) 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 (loss) per share is similar to basic earnings (loss) per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common shares had been issued, calculated using the treasury stock method.

The components of net earnings (loss) per share are as follows:

	Three months ended March 31,
	2014		2013
	(in thousands, except per share data)
Net income (loss) available to common stockholders	$	174	$	(8,988	)
Weighted average common shares outstanding used in computing basic net earnings (loss) per share	110,649		108,227
Incremental options, RSUs and restricted stock	5,149		—
Weighted average common shares outstanding used in computing diluted net earnings (loss) per share	115,798		108,227
Net earnings (loss) per share
Basic	$	0.00	$	(0.08	)
Diluted	$	0.00	$	(0.08	)

The Company incurred a net loss for the three-month period ended March 31, 2013, and excluded  2,103,634 incremental shares attributable to outstanding stock options, restricted stock and restricted stock units from the calculation of net loss per share because the effect would have been anti-dilutive.