Basic and Diluted Net Income (Loss) Per Common Share

9 Months Ended

Sep. 30, 2011

Basic and Diluted Net Income (Loss) Per Common Share [Abstract]

Basic and Diluted Net Income (Loss) Per Common Share

3. Basic and Diluted Net Income Per Common Share

Basic net income per common share was computed by dividing net income applicable to common stockholders by the weighted average number of shares of common stock and convertible preferred stock outstanding for each period presented, using the “if converted” method. Diluted net income per common share is computed by giving effect to common stock equivalents as if they were outstanding for the entire period.

On July 5, 2011, we filed with the Secretary of State of the State of Delaware, the Certificate of Amendment to effect a 1-for-10 reverse stock split of our Class A and Class B common stock shares. The reverse stock split became effective at 11:59p.m., Eastern Daylight Time on July 11, 2011, and the condensed consolidated financial statements for current and prior periods have been adjusted to reflect the change in number of shares.

The following is a reconciliation of the shares used in the computation of basic and diluted net income per share for the three- and nine-month periods ended September 30, 2011 and 2010 (in thousands):

	Three-Months Ended				Nine-Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
Basic weighted average shares outstanding		7,267		7,261		7,267		7,260
Effect of dilutive equity instruments		5		22		12		22
Dilutive weighted average shares outstanding		7,272		7,283		7,279		7,282
Options to purchase shares of common stock and other stock-based awards outstanding which are not included in the calculation of diluted net income per share because their impact is anti-dilutive		176		169		164		170