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Income (Loss) Per Common Share - Note 2
6 Months Ended
Jun. 30, 2014
Income (Loss) Per Common Share

(2) Income (Loss) Per Common Share

The following table sets forth the components of basic and diluted income per common share for the three months ended June 30, 2014 due to net income in the three month period (in thousands, except per share data):

          Three Months
          Ended
            June 30, 2014
EPS Numerator — Basic:            
     Net income         $ 1,992 
EPS Denominator — Basic:            
     Weighted-average number of shares of common            
          stock outstanding           106,807 
EPS Numerator — Diluted:            
     Net income         $ 1,992 
EPS Denominator — Diluted:            
     Weighted-average number of shares of common            
          stock outstanding           106,807 
     Effect of dilutive securities:            
     Stock options and awards           3,696 
     Dilutive potential common shares           3,696 
Weighted-average common shares and dilutive            
     potential common shares           110,503 
Basic net income per common share         $ 0.02 
Diluted net income per common share         $ 0.02 

 

Basic net income (loss) per common share is the amount of income (loss) for the period divided by the weighted average shares of common stock outstanding during the reporting period. Diluted income (loss) per common share is the amount of income (loss) for the period plus interest expense on convertible debt divided by the sum of weighted average shares of common stock outstanding during the reporting period and weighted average shares that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares.

Potential common shares of approximately 1.4 million and 6.5 million during the three and six months ended June 30, 2014, respectively and 6.3 million and 8.1 million during the three and six months ended June 30, 2013, respectively, that could potentially dilute basic income per share in the future were not included in the computation of diluted income (loss) per share because to do so would have been anti-dilutive for the periods presented. Potential dilutive common shares related to convertible debt were approximately 267,000 and 1.6 million during the three and six months ended June 30, 2014, respectively, and 3.0 million for the three and six months ended June 30, 2013, respectively. Additionally, potential dilutive common shares related to stock options, restricted stock and restricted stock units were 1.1 million and 4.8 million for the three and six months ended June 30, 2014, respectively, and 3.3 million and 5.1 million for the three and six months ended June 30, 2013, respectively.