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NET INCOME PER SHARE
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
NET INCOME PER SHARE
NET INCOME (LOSS) PER SHARE
Basic and diluted net income (loss) per share was as follows:
 
 
Three Months Ended March 31,
 
 
2014
 
2013
 
 
(In thousands, except per share amounts)
 
 
 
(as adjusted)
 
Basic net income (loss) per share:
 
 
 
 
Net income (loss)
$
2,206

 
$
(6,028
)
 
Weighted average common shares outstanding
32,275

 
27,796

 
Basic net income (loss) per common share
$
0.07

 
$
(0.22
)
 
 
 
 
 
 
Diluted net income (loss) per share:
 
 
 
 
Net income (loss)
$
2,206

 
$
(6,028
)
 
 
 
 
 
 
Weighted average common shares outstanding — Basic
32,275

 
27,796

 
Effect of dilutive securities:
 
 
 
 
Stock options and restricted stock
493

 

 
Weighted average common shares for diluted earnings per share
32,768

 
27,796

 
Diluted net income (loss) per common share
$
0.07

 
$
(0.22
)
 


At March 31, 2014 and 2013, the Company had 1.4 million and 1.7 million of outstanding stock options, respectively. The Company also has warrants outstanding relating to its 2016 Notes at March 31, 2014 and 2013. Stock options, restricted stock and warrants are included in the diluted earnings per share calculation using the treasury stock method, unless the effect of including the stock options would be anti-dilutive. For the three months ended March 31, 2014, 0.2 million of anti-dilutive stock options were excluded from the diluted earnings per share calculation. For the three months ended March 31, 2013 all stock options, restricted stock and warrants were excluded from the diluted earnings per share calculation using the treasury stock method because of their anti-dilutive effect.