Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.6
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Reconciliation of net earnings to basic earnings per share and diluted earnings per share

The following is a reconciliation of net earnings to basic earnings per share and diluted earnings per share:

 

                                 
    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2012     2011     2012     2011  
         

Net income (loss)

  $ (668   $ 2,447     $ 72     $ 3,851  
   

 

 

   

 

 

   

 

 

   

 

 

 
         

Basic number of weighted-average shares outstanding

    32,149,957       31,591,412       32,004,386       31,502,139  

Effect of dilutive shares:

                               

Options to purchase common stock

    —         1,082,818       900,085       1,112,797  

Common warrants

    —         295,594       144,076       297,980  

Unvested restricted stock

    —         —         6,085       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted number of weighted-average shares outstanding

    32,149,957       32,969,824       33,054,632       32,912,916  
   

 

 

   

 

 

   

 

 

   

 

 

 
         

Net income (loss) per share:

                               

Basic

  $ (0.02   $ 0.08     $ 0.00     $ 0.12  
   

 

 

   

 

 

   

 

 

   

 

 

 
         

Diluted

  $ (0.02   $ 0.07     $ 0.00     $ 0.12  
   

 

 

   

 

 

   

 

 

   

 

 

 
Anti-dilutive securities excluded from computation of diluted earnings per share

Common share equivalents for securities that were anti-dilutive and therefore excluded from the computation of diluted earnings per share was as follows:

 

                                 
    Three Months Ended
June  30,
    Six Months Ended
June  30,
 
    2012     2011     2012     2011  
         

Options to purchase common stock

    5,374,040       —         1,227,248       —    

Common warrants

    1,388,888       —         —         —    

Unvested restricted stock

    765,970       —         755,970       —