Reconciliation of Basic and Diluted Income (Loss) Per Common Share

3 Months Ended

Jun. 30, 2011

Reconciliation of Basic and Diluted Income (Loss) Per Common Share

Reconciliation of Basic and Diluted Income (Loss) Per Common Share

Note 10. Reconciliation of Basic and Diluted Income (Loss) Per Common Share

The following table presents a reconciliation of basic EPS to diluted EPS (amounts in thousands, except per share data):

	Quarters Ended June 30,
	2011		2010
Numerator:
Net income (loss)	$	31,849	$	(20,099	)
Denominator:
Weighted-average shares outstanding:
Basic	39,452		27,045
Assumed conversion of employee stock options	365		—
Assumed conversion of Closing Warrant	12,521		—
Diluted	52,338		27,045
Net income (loss) per share:
Basic	$	0.81	$	(0.74	)
Diluted	$	0.61	$	(0.74	)

Common stock equivalents that could potentially dilute net income per basic share in the future, but were not included in the computation of diluted earnings per share because the impact would have been antidilutive, are as follows (amounts in thousands):

	Quarters Ended June 30,
	2011	2010
Assumed conversion of employee stock options	704	200
Assumed conversion of Closing Warrant	—	22,212