Net Income (Loss) Per Share

9 Months Ended

Sep. 30, 2011

Net Income (Loss) Per Share [Abstract]

NOTE 9: NET INCOME PER SHARE

Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding during each period. Diluted net income per share is computed by dividing net income by the sum of the weighted-average number of common shares and dilutive common share equivalents outstanding during the period. Dilutive common share equivalents consist of the incremental common shares issuable upon the exercise of stock options and warrants and the impact of non-vested restricted stock grants.

The following table sets forth the computation of basic and diluted net income per share (in thousands, except share and per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Numerator:
Net income	$	117	$	764	$	2,056	$	5,377
Denominator:
Weighted-average common shares, basic		25,782,481		25,430,785		25,646,455		25,395,506
Dilutive effect of stock options, warrants and restricted stock		549,219		626,143		576,862		621,782

Weighted-average common shares, diluted		26,331,700		26,056,928		26,223,317		26,017,288

Net income per share, basic	$	0.00	$	0.03	$	0.08	$	0.21

Net income per share, diluted	$	0.00	$	0.03	$	0.08	$	0.21

Anti-dilutive weighted-average shares		1,438,236		1,448,660		1,525,532		1,515,849

As of September 30, 2011, there were 226,710 shares of unvested restricted stock outstanding that contain non-forfeitable rights to dividends. These securities are considered to be participating securities under the two-class method for determining basic and fully diluted net income per share. Because the treasury stock method and the two-class method yield the same result for both basic and diluted net income in each of the periods presented, only the treasury stock method has been disclosed.