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EARNINGS PER SHARE AND STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2012
EARNINGS PER SHARE AND STOCK-BASED COMPENSATION  
Schedule of computation of Basic and Diluted earnings per share

 

 

 
  Three Months Ended June 30,  
 
  2012   2011  
 
  Basic   Diluted   Basic   Diluted  
 
  (In thousands, except per share data)
 

Numerator:

                         

Loss from continuing operations

  $ (1,754 ) $ (1,754 ) $ (25,116 ) $ (25116 )

Income (loss) from discontinued operations, net of tax

    27,528     27,528     (9,389 )   (9,389 )
                   

Net income (loss) attributable to common shareholders

  $ 25,774   $ 25,774   $ (34,505 ) $ (34,505 )
                   

Denominator:

                         

Weighted average common shares

    11,303     11,303     11,014     11,014  
                   

Income (loss) per share:

                         

Loss from continuing operations

  $ (0.16 ) $ (0.16 ) $ (2.28 ) $ (2.28 )

Income (loss) from discontinued operations, net of tax

    2.44     2.44     (0.85 )   (0.85 )
                   

Net income (loss) per common share

  $ 2.28   $ 2.28   $ (3.13 ) $ (3.13 )
                   


 

 
  Six Months Ended June 30,  
 
  2012   2011  
 
  Basic   Diluted   Basic   Diluted  
 
  (In thousands, except per share data)
 

Numerator:

                         

Loss from continuing operations

  $ (5,022 ) $ (5,022 )   (41,203 )   (41,203 )

Income (loss) from discontinued operations, net of tax

    44,946     44,946     (32,797 )   (32,797 )
                   

Net loss available to common shareholders

  $ 39,924   $ 39,924   $ (74,000 ) $ (74,000 )
                   

Denominator:

                         

Weighted average common shares

    11,238     11,238     10,948     10,948  
                   

Income (loss) per share:

                         

Loss from continuing operations

  $ (0.45 ) $ (0.45 ) $ (3.76 ) $ (3.76 )

Income (loss) from discontinued operations, net of tax

    4.00     4.00     (3.00 )   (3.00 )
                   

Net income (loss) per common share

  $ 3.55   $ 3.55   $ (6.76 ) $ (6.76 )
                   

        

Schedule of non-cash compensation expense related to equity awards

   Non-cash compensation expense related to equity awards is included in the following line items in the accompanying consolidated statements of operations for the three and six months ended June 30, 2012 and 2011 (in thousands):

 
  Three Months
Ended
June 30,
  Six Months
Ended
June 30,
 
 
  2012   2011   2012   2011  

Cost of revenue

  $ 1   $ 1   $ 4   $ 3  

Selling and marketing expense

    202     105     359     265  

General and administrative expense

    761     624     1,636     1,485  

Product development

    108     58     257     155  
                   

Non-cash compensation expense

  $ 1,072   $ 788   $ 2,256   $ 1,908  
                   

        

Summary of changes in outstanding stock options

 

 

 
  Shares   Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
 
 
   
   
  (In years)
  (In thousands)
 

Outstanding at January 1, 2012

    1,046,746   $ 9.09              

Granted

    150,000     7.43              

Exercised

    (63,063 )   7.30              

Forfeited

                     

Expired

    (19,740 )   11.39              
                       

Outstanding at June 30, 2012

    1,113,943   $ 8.93     6.1   $ 3,515  
                   

Options exercisable at June 30, 2012

    271,513   $ 11.89     4.5   $ 597  
                   

        

Summary of the information about stock options outstanding and exercisable

 

 

 
  Options Outstanding   Options Exercisable  
Range of Exercise Prices
  Outstanding at
June 30, 2012
  Weighted
Average
Remaining
Contractual
Life in Years
  Weighted
Average
Exercise Price
  Exercisable at
June 30, 2012
  Weighted
Average
Exercise Price
 

$.01 to $4.99

    4,892     1.3   $ 3.27     4,892   $ 3.27  

$5.00 to $7.45

    308,556     9.1     6.64     55,976     5.95  

$7.46 to $9.99

    653,033     5.5     8.39     63,183     7.58  

$10.00 to $14.99

    19,909     2.3     12.21     19,909     12.21  

$15.00 to $19.99

    80,890     2.9     15.02     80,890     15.02  

$20.00 to $24.99

    46,663     2.9     20.19     46,663     20.19  
                             

 

    1,113,943     6.1   $ 8.93     271,513   $ 11.89  
                             

        

Schedule of non-vested RSUs and restricted stock outstanding as at the end of the period and changes during the reporting period

 

 

 
  RSUs   Restricted Stock  
 
  Number of
Shares
  Weighted
Average
Grant Date
Fair Value
  Number of
Shares
  Weighted
Average
Grant Date
Fair Value
 

Nonvested at January 1, 2012

    933,051   $ 6.48     299,642   $ 6.70  

Granted

    92,972     6.75          

Vested

    (284,594 )   6.97     (112,142 )   5.45  

Forfeited

    (38,139 )   6.31          
                   

Nonvested at June 30, 2012

    703,290   $ 6.38     187,500   $ 7.44