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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
Schedule by Geographic Areas

The Company’s revenue by geography (based on customer address) is as follows:

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2012      2013      2012      2013  

Revenues:

           

United States

   $ 21,887,000       $ 26,695,000       $ 43,084,000       $ 51,483,000   

United Kingdom

     3,087,000         3,643,000         6,095,000         7,105,000   

International - all other

     8,823,000         10,332,000         17,306,000         19,518,000   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenue

   $ 33,797,000       $ 40,670,000       $ 66,485,000       $ 78,106,000   
  

 

 

    

 

 

    

 

 

    

 

 

 
Schedule of Options to Purchase Common Shares and Restricted Stock Units

The Company excluded the following options to purchase common shares and restricted stock units from the computation of diluted net income (loss) per share either because they had an anti-dilutive impact or because the Company had a net loss in the period:

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2012      2013      2012      2013  

Options to purchase common shares

     1,587,310         2,946,607         1,586,910         2,946,607   

Restricted stock units

     141,837         1,134,804         940         1,134,804   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total options and restricted stock units

     1,729,147         4,081,411         1,587,850         4,081,411   
  

 

 

    

 

 

    

 

 

    

 

 

 
Reconciliation of Basic and Diluted Net Income per Share

Basic and diluted net income per share was calculated as follows:

 

     Three Months Ended
June 30, 2012
    Six Months Ended
June 30, 2012
 

Basic:

    

Net income

   $ 575,677      $ 651,917   
  

 

 

   

 

 

 

Weighted average common shares outstanding, basic

     24,677,893        24,625,851   
  

 

 

   

 

 

 

Net income, basic

   $ 0.02      $ 0.03   
  

 

 

   

 

 

 

Diluted:

    

Net income

   $ 575,677      $ 651,917   
  

 

 

   

 

 

 

Weighted average common shares outstanding

     24,677,893        24,625,851   

Add: Options to purchase common shares

     689,334        735,099   
  

 

 

   

 

 

 

Weighted average common shares outstanding, diluted

     25,367,227        25,360,950   
  

 

 

   

 

 

 

Net income, diluted

   $ 0.02      $ 0.03   
  

 

 

   

 

 

 

 

     Three Months Ended
June 30, 2013
    Six Months Ended
June 30, 2013
 

Basic and diluted net loss per share:

    

Net loss

   $ (1,359,941 )   $ (7,166,596 )
  

 

 

   

 

 

 

Weighted average common shares outstanding

     24,262,417        24,485,429   
  

 

 

   

 

 

 

Basic and diluted net loss per share

   $ (0.06 )   $ (0.29 )