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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2011
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)

12. Quarterly Financial Data (Unaudited)

The following financial information reflects all normal recurring adjustments, which are, in the opinion of management, necessary for a fair statement of the results of the interim periods. Summarized quarterly data for fiscal 2011 and 2010 are as follows (in thousands, except per share data):

 

                                 
    Year ended December 31, 2011  
    1st Quarter     2nd Quarter     3rd Quarter     4th Quarter  

Selected quarterly financial data:

  

Revenues

  $ 17,791     $ 16,105     $ 12,632     $ 11,239  

Gross profit

  $ 14,015     $ 12,545     $ 8,933     $ 8,513  

Operating (loss)

  $ (13,012   $ (13,046   $ (127,983   $ (11,625

Net (loss)

  $ (7,753   $ (7,847   $ (134,481   $ (9,525

    

                               

Net (loss) per share, basic (1)

  $ (0.22   $ (0.22   $ (3.76   $ (0.27

    

                               

Weighted average shares outstanding, basic

    35,263       35,775       35,728       35,696  

    

                               

Net (loss) per share, diluted (1)

  $ (0.22   $ (0.22   $ (3.76   $ (0.27

    

                               

Weighted average shares outstanding, diluted

    35,263       35,775       35,728       35,696  

    

                               
    Year ended December 31, 2010  
    1st Quarter     2nd Quarter     3rd Quarter     4th Quarter  

Selected quarterly financial data:

                               

Revenues

  $ 29,862     $ 31,357     $ 34,008     $ 35,274  

Gross profit

  $ 26,130     $ 27,392     $ 30,237     $ 31,235  

Operating income

  $ 2,906     $ 3,682     $ 5,862     $ 5,931  

Net income

  $ 1,592     $ 1,885     $ 3,094     $ 5,775  

    

                               

Net income per share, basic (1)

  $ 0.05     $ 0.06     $ 0.09     $ 0.17  

    

                               

Weighted average shares outstanding, basic

    33,730       34,264       34,274       34,540  

    

                               

Net income per share, diluted (1)

  $ 0.05     $ 0.05     $ 0.09     $ 0.16  

    

                               

Weighted average shares outstanding, diluted

    34,176       34,781       34,736       35,111  

 

(1)

Basic and diluted net income (loss) per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly per share amounts will not necessarily equal the total for the year.