EARNINGS PER SHARE

3 Months Ended

Feb. 28, 2013

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 6— EARNINGS PER SHARE

Earnings per share are computed using weighted average common shares and dilutive common equivalent shares outstanding.  Potentially dilutive securities consist of outstanding options, restricted stock and unvested RSUs.  A reconciliation of the numerator and denominator of basic earnings per share and diluted earnings per share is as follows:

	Three months ended
	(in thousands, except per share data)
	February 28, 2013			February 29, 2012
Basic (loss) earnings per share computation:
Numerator:
Net (loss) income and comprehensive (loss) income	$	(6,388	)	$	794
Denominator:
Weighted average common shares outstanding	66,646			65,043
(Loss) income per common share - basic
Net (loss) income and comprehensive (loss) income	$	(0.10	)	$	0.01
Diluted (loss) earnings per share computation:
Numerator:
Net (loss) income and comprehensive (loss) income	$	(6,388	)	$	794
Denominator:
Weighted average common shares outstanding	66,646			65,043
Effect of dilutive securities:
Restricted shares, RSU’s and options	—			295
Dilutive potential common shares	66,646			65,338
(Loss) income per common share - dilutive
Net (loss) income and comprehensive (loss) income	$	(0.10	)	$	0.01

For the three months ended February 28, 2013, currently exercisable options, unvested restricted shares and unvested RSUs in the aggregate of 4,283,975 have been excluded from the calculation of the diluted loss per share as their effect would have been anti-dilutive.

For the three months ended February 29, 2012, currently exercisable options, unvested restricted shares and unvested RSUs in the aggregate of 4,211,204 have been excluded from the calculation of diluted income per share because the exercise prices of such options and unvested restricted shares and RSUs were out-of-the-money.

Shares Reserved for Future Issuance

As of February 28, 2013, shares reserved for future issuance include (i) 796,794 shares of common stock issuable upon the exercise of stock options granted under the incentive plans; (ii) 2,532,382 shares of common stock issuable upon the vesting of RSUs; and (iii) an aggregate of 3,411,241 shares of common stock available for future issuance under the Amended and Restated 2004 Stock Incentive Plan.