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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE [Text Block]
EARNINGS PER SHARE:

 Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average shares of common stock outstanding during the period. Diluted earnings per share are calculated by dividing net income (loss) by the weighted-average shares of common stock and dilutive common equivalent shares outstanding during the period. Dilutive common equivalent shares included in this calculation consist of dilutive shares issuable upon the assumed exercise of outstanding common stock options, the assumed vesting of outstanding restricted stock units and performance based awards, and the assumed issuance of awards under the stock purchase plan, as computed using the treasury stock method.

A summary of the earnings per share calculation is as follows (in thousands, except per share amounts):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2012
 
2011
 
2012
 
2011
Basic earnings per share:
 
 
 
 
 
 
 
Net income (loss)
$
(7,176
)
 
$
10,599

 
$
285

 
$
20,453

Weighted-average common shares
28,619

 
28,938

 
28,423

 
28,784

Basic earnings (loss) per share
$
(0.25
)
 
$
0.37

 
$
0.01

 
$
0.71

Diluted earnings per share (1):

 

 

 

Net income (loss)
$
(7,176
)
 
$
10,599

 
$
285

 
$
20,453

Weighted-average common shares
28,619

 
28,938

 
28,423

 
28,784

Effect of dilutive securities:

 

 

 

Employee stock plans
—

 
1,408

 
1,201

 
1,487

Diluted weighted-average common shares
28,619

 
30,346

 
29,624

 
30,271

Diluted earnings (loss) per share
$
(0.25
)
 
$
0.35

 
$
0.01

 
$
0.68

_______________ 

(1)
The Company includes the shares underlying performance-based awards in the calculation of diluted earnings per share when they become contingently issuable per ASC 260-10, Earnings per Share and excludes such shares when they are not contingently issuable. The Company has excluded all performance-based awards underlying the fiscal 2012 and 2011 awards as those shares were not contingently issuable as of the end of the periods reported.

In the three months ended June 30, 2012 all shares attributable to stock-based awards were excluded in the computation of diluted earnings per share, as the Company was in a net loss position. Approximately 306,586 shares in the six months ended June 30, 2012, and 262,533 shares and 234,700 shares for the three and six months ended June 30, 2011, respectively, were not included in the computation of diluted earnings per share for the periods then ended because they were determined to be anti-dilutive.