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NET INCOME PER SHARE
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
NET INCOME PER SHARE
NET INCOME PER SHARE
Basic and diluted net income per share was as follows:
 
 
Three Months Ended March 31,
 
2013
 
2012
 
(In thousands, except per share amounts)
Basic net income per share:
 
 
 
Net income (loss)
$
(4,050
)
 
$
6,693

Weighted average common shares outstanding
27,796

 
28,345

Basic net income per common share
$
(0.15
)
 
$
0.24

Diluted net income per share:
 
 
 
Net income (loss)
$
(4,050
)
 
$
6,693

Weighted average common shares outstanding — Basic
27,796

 
28,345

Effect of dilutive securities:
 
 
 
Stock options and restricted stock
—

 
143

Weighted average common shares for diluted earnings per share
27,796

 
28,488

Diluted net income per common share
$
(0.15
)
 
$
0.23



At March 31, 2013 and 2012, the Company had 1.7 million of outstanding stock options. The Company also has warrants outstanding relating to its 2016 Notes at March 31, 2013 and 2012. All stock options, restricted stock and warrants are excluded in the diluted earnings per share calculation using the treasury stock method because of their anti-dilutive effect at March 31, 2013. For the three months ended March 31, 2012, 1.5 million of anti-dilutive stock options were excluded from the diluted earnings per share calculation.