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Net Income per share (Tables)
6 Months Ended
Jun. 30, 2012
Net Income per share [Abstract]  
Computation of basic and diluted net income per share attributable to Common Stockholders

The following table sets forth the computation of basic and diluted net income per share attributable to Common Stockholders:

 

                                 
    Three Months Ended June 30,     Six Months Ended June 30,  
    2011     2012     2011     2012  
    (in thousands, except per share data)  

Numerator (basic and diluted):

       

Net income

  $ 3,871     $ 3,224     $ 6,900     $ 5,234  

Less: accretion of redemption premium expense

    (2,924     (778     (5,692     (2,301
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to common stockholders for basic EPS

  $ 947     $ 2,446     $ 1,208     $ 2,933  
   

 

 

   

 

 

   

 

 

   

 

 

 

Add back: accretion of redemption premium related to dilutive redeemable preferred stock

    —         (86     —         (260
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to common stockholders for diluted EPS

  $ 947     $ 2,360     $ 1,208     $ 2,673  
   

 

 

   

 

 

   

 

 

   

 

 

 
         

Denominator (basic):

                               

Weighted average common shares outstanding

    1,535       14,268       1,534       7,907  
   

 

 

   

 

 

   

 

 

   

 

 

 

Denominator (diluted):

                               

Weighted average common shares outstanding

    1,535       14,268       1,534       7,907  

Dilutive stock options and awards outstanding

    1,195       1,305       1,122       1,109  

Weighted average common shares from stock warrants

    2,854       2,793       2,854       2,626  

Weighted average common shares from convertible preferred stock

    10,866       5,983       10,866       9,041  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net weighted average common shares outstanding

    16,450       24,349       16,376       20,683  
   

 

 

   

 

 

   

 

 

   

 

 

 
         

Net income per share attributable to holders of common stock:

                               

Basic

  $ 0.62     $ 0.17     $ 0.79     $ 0.37  

Diluted

  $ 0.06     $ 0.10     $ 0.07     $ 0.13  
Diluted net income per share not include the effect of anti-dilutive
                                 
    Three Months Ended June 30,     Six Months Ended June 30,  
    2011     2012     2011     2012  
         

Stock options outstanding

    135       61       135       60  

Common shares from convertible preferred stock

    5,586       2,764       5,586       4,176  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total common stock equivalents

    5,721       2,825       5,721       4,236