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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Computation of basic and diluted net income per share under the two-class method attributable to common stockholders
                                 
    Three months ended
September 30,
    Nine months  ended
September 30,
 
    2012     2011     2012     2011  
    (in thousands, except per share amounts)  

Numerator:

                               

Net income

  $ 3,664     $ 2,401     $ 12,158     $ 13,934  

Non-cumulative dividends to holders of preferred stock

    —         (1,498     (2,248     (4,495

Undistributed earnings allocable to holders of preferred stock

    —         (840     (3,709     (8,821
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income—basic

    3,664       63       6,201       618  

Adjustment for undistributed earnings reallocated to holders of common stock

    —         145       521       1,221  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income—diluted

  $ 3,664     $ 208     $ 6,722     $ 1,839  
   

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

                               

Weighted average shares used in computing net income per share:

                               

Basic

    20,342       982       10,956       925  

Weighted average effect of potentially dilutive securities:

                               

Options to purchase common stock

    2,699       2,820       2,789       2,271  

Employee stock purchase plan

    117       —         70       —    

Common stock warrants

    1       —         1       —    

Convertible preferred stock warrants

    —         —         —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

    23,159       3,802       13,816       3,196  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income per share:

                               

Basic

  $ 0.18     $ 0.06     $ 0.57     $ 0.67  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

  $ 0.16     $ 0.05     $ 0.49     $ 0.58  
   

 

 

   

 

 

   

 

 

   

 

 

 
Anti-dilutive shares excluded from computation of diluted net earnings loss per share
                                 
    Three months  ended
September 30,
    Nine months  ended
September 30,
 
    2012     2011     2012     2011  
    (in thousands)  

Options to purchase common stock

    923       —         345       —    

Convertible preferred stock (if-converted basis)

    —         13,205       6,506       13,205  

Restricted stock units

    18       —         18       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

    941       13,205       6,869       13,205