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EARNINGS PER COMMON SHARE
 9 Months Ended
Sep. 30, 2012
EARNINGS PER COMMON SHARE [Abstract]  
EARNINGS PER COMMON SHARE
NOTE 11 — EARNINGS PER COMMON SHARE

Basic net income per common share is based upon the weighted average common shares outstanding during the period. Diluted net income per common share is based upon the weighted average number of common shares outstanding, including the dilutive effect, if any, of stock options and warrants using the treasury stock method.

        Certain shares that are potentially dilutive in the future have been excluded from the diluted net income per share computation as they would have been anti-dilutive for the period.  There were no such shares subject to warrants during the periods presented.

The Company's potentially dilutive shares consist of: (i) vested and unvested stock options that are in-the-money, (ii) warrants that are in-the-money, and (iii) unvested restricted stock awards ("RSAs").  A reconciliation of the earnings per share data from a basic to a fully diluted basis is detailed below:

 
THREE MONTHS ENDED SEPTEMBER 30,
 
 
NINE MONTHS ENDED
SEPTEMBER 30,
 
 
2012
 
 
2011
 
 
2012
 
 
2011
 
Consolidated net income
 
$
13,753
 
 
$
13,524
 
 
$
26,567
 
 
$
37,280
 
Consolidated net income per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Basic
 
$
0.14
 
 
$
0.14
 
 
$
0.28
 
 
$
0.39
 
     Diluted
 
$
0.12
 
 
$
0.13
 
 
$
0.24
 
 
$
0.36
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Shares used in computing consolidated net income per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average basic shares outstanding
 
 
95,128
 
 
 
94,650
 
 
 
95,078
 
 
 
94,477
 
Dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Stock option and unvested RSAs
 
 
4,460
 
 
 
3,393
 
 
 
4,301
 
 
 
3,091
 
     Stock warrants
 
 
6,613
 
 
 
6,145
 
 
 
6,565
 
 
 
5,956
 
     Shares issuable upon conversion of convertible notes (1)
 
 
5,187
 
 
 
-
 
 
 
4,486
 
 
 
-
 
Total dilutive securities
 
 
16,260
 
 
 
9,538
 
 
 
15,352
 
 
 
9,047
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average diluted shares outstanding
 
 
111,388
 
 
 
104,188
 
 
 
110,430
 
 
 
103,524
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Shares subject to stock options omitted from the calculation of net income per share as they would have been anti-dilutive
 
 
775
 
 
 
1,860
 
 
 
399
 
 
 
1,421
 

(1) Shares issuable upon conversion of convertible notes assumes that that Company would repay the principal of the notes in cash and pay any incremental value in shares of the Company's common stock.