Net Income (Loss) Per Common Share

9 Months Ended

Sep. 30, 2011

7. Net Income (Loss) Per Common Share

A reconciliation of the numerator and denominator used in the calculation of basic and diluted net income (loss) per common share is as follows:


	For the Three Months Ended					For the Nine Months Ended
	September 30,					September 30,
	2011		2010			2011		2010
	(Unaudited)
Numerator:
Net income (loss)	$	963	$	(612	)	$	2,706	$	(2,506	)

Denominator:
Basic:
Weighted average shares of common stock outstanding		38,510,512		43,209,433			38,260,943		42,877,631

Diluted:
Weighted average shares of common stock outstanding		38,510,512		43,209,433			38,260,943		42,877,631
Effect of potentially dilutive shares(1)		1,497,772		—			2,316,833		—

Total weighted average shares of common stock outstanding		40,008,284		43,209,433			40,577,776		42,877,631

Net Income (Loss) Per Common Share:
Basic net income (loss) per common share	$	0.03	$	(0.01	)	$	0.07	$	(0.06	)

Net Income (Loss) Per Common Share:
Diluted net income (loss) per common share	$	0.02	$	(0.01	)	$	0.07	$	(0.06	)


(1)		In calculating diluted earnings per share, all shares related to outstanding stock options, unvested restricted stock awards and warrants were excluded for the three and nine months ended September 30, 2010 because they were anti-dilutive due to the Company’s loss position for those periods. Additionally, outstanding stock options and unvested restricted stock awards having an exercise price in excess of the average market value of the Company’s common stock during the respective period were excluded for the three and nine months ended September 30, 2011 because they were anti-dilutive.