(LOSS) EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2013

(LOSS) EARNINGS PER SHARE

(LOSS) EARNINGS PER SHARE

NOTE 4—(LOSS) EARNINGS PER SHARE

The calculation of basic and diluted net (loss) earnings per share for the periods presented is as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Basic and diluted net loss per share
Numerator:
Net loss from continuing operations	$	(5,934	)	$	(3,579	)	$	(14,635	)	$	(88,131	)
Net earnings from discontinued operations	—			4,246			—			4,246
Net (loss) earnings	$	(5,934	)	$	667		$	(14,635	)	$	(83,885	)
Denominator:
Weighted–average shares outstanding	41,695,010			41,439,827			41,598,103			41,277,975
Add:
Dilutive effect of stock options	—			—			—			—
Dilutive effect of restricted common stock	—			—			—			—
Weighted–average shares outstanding with dilution	41,695,010			41,439,827			41,598,103			41,277,975
Net (loss) earnings per share:
Basic from continuing operations	$	(0.14	)	$	(0.09	)	$	(0.35	)	$	(2.13	)
Basic from discontinued operations	—			0.11			—			0.10
Basic	$	(0.14	)	$	0.02		$	(0.35	)	$	(2.03	)
Diluted from continuing operations	$	(0.14	)	$	(0.09	)	$	(0.35	)	$	(2.13	)
Diluted from discontinued operations	—			0.11			—			0.10
Diluted	$	(0.14	)	$	0.02		$	(0.35	)	$	(2.03	)

Due to the loss from continuing operations for the three and nine months ended September 30, 2013, diluted weighted–average common shares outstanding does not include 83 and 153 shares of unvested restricted common stock as these potential awards do not share in any net loss generated by the Company and are anti–dilutive. Due to the loss from continuing operations for the three and nine months ended September 30, 2012, diluted weighted–average common shares outstanding does not include 179 and 151 shares of unvested restricted common stock as these potential awards do not share in any net loss generated by the Company and are anti–dilutive.

Since the effect would be anti–dilutive, there were 83 and 121 shares of common stock issued under the Employee Stock Purchase Plan (“ESPP”) that were not included in the computation of diluted weighted–average shares outstanding for the three and nine months ended September 30, 2013, respectively. Since the effect would be anti–dilutive, there were 179 and 151 shares of common stock issued under the ESPP that were not included in the computation of diluted weighted–average shares outstanding for the three and nine months ended September 30, 2012, respectively.

Since the effect would be anti–dilutive, there were 3,771,305 and 2,818,979 stock options outstanding that were not included in the computation of diluted weighted–average shares outstanding for the three months ended September 30, 2013 and 2012, respectively. Since the effect would be anti–dilutive, there were 3,721,305 and 2,818,979 stock options outstanding that were not included in the computation of diluted weighted–average shares outstanding for the nine months ended September 30, 2013 and 2012, respectively.