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Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2013
Net Income (Loss) Per Share [Abstract]  
Net Income (Loss) Per Share

 

 

 

 

11.  NET INCOME (LOSS) PER SHARE:

Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period.  Net income per diluted share is computed by dividing net income by the weighted average number of common and common equivalent shares outstanding during the period. Common equivalent shares consist of common shares to be issued upon exercise of stock options, restricted stock units and from participation in our employee stock purchase plan, as calculated using the treasury stock method.  All potentially dilutive common equivalent shares are excluded from the calculation of net loss per diluted share for the three and six months ended June 30, 2013 due to their anti-dilutive effect.  The components of net income (loss) per basic and diluted share are as follows: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands except per share amounts)

 

Net Loss

 

Weighted Average Shares Outstanding

 

Per Share Amount

Three Months Ended June 30, 2013:

 

 

 

 

 

 

 

 

Basic

 

$

(1,200)

 

 

6,907 

$

(0.17)

Dilutive effect of common equivalent shares

 

 

 

 

 

Dilutive

 

$

(1,200)

 

 

6,907 

$

(0.17)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands except per share amounts)

 

Net Income

 

Weighted Average Shares Outstanding

 

Per Share Amount

Three Months Ended June 30, 2012:

 

 

 

 

 

 

 

 

Basic

 

$

143 

 

 

6,935 

$

0.02 

Dilutive effect of common equivalent shares

 

 

 

 

59 

 

Dilutive

 

$

143 

 

 

6,994 

$

0.02 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands except per share amounts)

 

Net Loss

 

Weighted Average Shares Outstanding

 

Per Share Amount

Six Months Ended June 30, 2013:

 

 

 

 

 

 

 

 

Basic

 

$

(3,346)

 

 

6,933 

$

(0.48)

Dilutive effect of common equivalent shares

 

 

 

 

 

Dilutive

 

$

(3,346)

 

 

6,933 

$

(0.48)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands except per share amounts)

 

Net Income

 

Weighted Average Shares Outstanding

 

Per Share Amount

Six Months Ended June 30, 2012:

 

 

 

 

 

 

 

 

Basic

 

$

235 

 

 

6,934 

$

0.03 

Dilutive effect of common equivalent shares

 

 

 

 

54 

 

Dilutive

 

$

235 

 

 

6,988 

$

0.03 

 

The calculation of diluted net income (loss) per common share excludes 600,000 and 332,000 potentially dilutive shares for the three months ended June 30, 2013 and 2012, and 603,000 and 347,000 potentially dilutive shares for the six months ended June 30, 2013 and 2012 because their effect would be anti-dilutive.