Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Earnings per common share information as follows (in thousands, except per share amounts):

	Three months ended June 30,						Six months ended June 30,
	2013			2012			2013			2012
Income (loss) Per Common Share – Basic:
Net income (loss)	$	4,719		$	(729)		$	7,109		$	(1,800)

Weighted-average common shares outstanding		43,729			48,176			43,711			48,234

Basic income (loss) per share	$	0.11		$	(0.02)		$	0.16		$	(0.04)

Income (loss) Per Common Share – Diluted:
Net income (loss)	$	4,719		$	(729)		$	7,109		$	(1,800)
Add-back of interest expense on outstanding convertible notes payable, net of tax	$	457			-	⁽¹⁾	$	1,142			-	⁽¹⁾
Adjusted net income (loss)	$	5,176		$	(729)		$	8,251		$	(1,800)

Weighted-average common shares outstanding		43,729			48,176			43,711			48,234
Weighted-average incremental shares related to assumed exercise of stock options, vesting of nonvested shares, and ESPP		126			-	⁽¹⁾		215			-	⁽¹⁾
Weighted-average incremental shares assuming conversion of outstanding notes payable		11,417	⁽²⁾		-	⁽¹⁾		14,271	⁽²⁾		-	⁽¹⁾
Weighted-average common shares outstanding and common share equivalents		55,272			48,176			58,197			48,234

Diluted income (loss) per share	$	0.09		$	(0.02)		$	0.14		$	(0.04)

⁽¹⁾

For the three and six months ended June 30, 2012, the Company recorded a net loss which could not be diluted.

⁽²⁾

Dilutive convertible notes payable, which were retired on June 1, 2013, were included in the denominator of diluted EPS for the period that they were outstanding.