Computation Of Net Income (Loss) Per Share Of Common Stock

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Computation Of Net Loss Per Share Of Common Stock

Computation of Net Loss Per Share of Common Stock

Basic net loss per common share is determined by dividing net loss by the basic weighted average number of shares of common stock outstanding. Diluted net loss per common share includes the potentially dilutive effect of common shares issued in connection with outstanding stock options using the treasury stock method and the dilutive impact of restricted stock units. Stock options and restricted stock units to acquire weighted average common shares of 1,838,000 and 1,894,000 for the three and nine months ended September 30, 2013, respectively, have been excluded from the computation of diluted weighted average shares outstanding as their effect is anti-dilutive. Stock options to acquire weighted average common shares of 1,737,000 and 1,757,000 for the three and nine months ended September 30, 2012, respectively, have been excluded from the computation of diluted weighted average common shares as their effect is anti-dilutive. The following table identifies the components of net loss per basic and diluted share (in thousands, except for per share data):

	Three Months Ended    September 30,						Nine Months Ended   September 30,
	2013			2012			2013			2012
Shares outstanding at end of period	8,661			10,060			8,661			10,060
Basic weighted average shares outstanding	8,697			10,112			8,689			10,168
Dilutive effect of stock options and restricted stock units	—			—			—			—
Total diluted weighted average shares outstanding	8,697			10,112			8,689			10,168
Net loss attributable to Qumu	$	(1,017	)	$	(42,768	)	$	(6,945	)	$	(47,223	)
Basic net loss per common share	$	(0.12	)	$	(4.23	)	$	(0.80	)	$	(4.64	)
Diluted net loss per common share	$	(0.12	)	$	(4.23	)	$	(0.80	)	$	(4.64	)