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EARNINGS PER SHARE
 9 Months Ended
Sep. 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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2012
 
2011
 
2012
 
2011
Basic earnings (loss) per share:
 
 
 
 
 
 
 
Net income (loss)
$
(44,406
)
 
$
7,512

 
$
(44,121
)
 
$
27,965

Weighted-average common shares
28,908

 
28,799

 
28,586

 
28,789

Basic earnings (loss) per share
$
(1.54
)
 
$
0.26

 
$
(1.54
)
 
$
0.97

Diluted earnings (loss) per share (1):

 

 

 

Net income (loss)
$
(44,406
)
 
$
7,512

 
$
(44,121
)
 
$
27,965

Weighted-average common shares
28,908

 
28,799

 
28,586

 
28,789

Effect of dilutive securities:

 

 

 

Employee stock plans
—

 
1,080

 
—

 
1,406

Diluted weighted-average common shares
28,908

 
29,879

 
28,586

 
30,195

Diluted earnings (loss) per share
$
(1.54
)
 
$
0.25

 
$
(1.54
)
 
$
0.93

_______________ 

(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 and nine months ended September 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. In the three and nine months ended September 30, 2011, 410,000 shares and 276,000 shares 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.