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Net Income (Loss) per Share
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Net Income (Loss) per Share

5. Net Income (Loss) per Share

The following table sets forth the computation of basic and diluted income (loss) per share for the three and six months ended June 30 (in thousands, except per share amounts):

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2013     2012      2013     2012  

Numerator:

         

Net income (loss) attributable to Vicor Corporation

   $ (4,616   $ 220      $ (9,606   $ 546  
  

 

 

   

 

 

    

 

 

   

 

 

 

Denominator:

         

Denominator for basic income (loss) per share-weighted average shares (1)

     38,538       41,811        39,852       41,811  

Effect of dilutive securities:

         

Employee stock options (2)

     —         1        —         8  
  

 

 

   

 

 

    

 

 

   

 

 

 

Denominator for diluted income (loss) per share – adjusted weighted-average shares and assumed conversions

     38,538       41,812        39,852       41,819  
  

 

 

   

 

 

    

 

 

   

 

 

 

Basic income (loss) per share

   $ (0.12   $ 0.01      $ (0.24   $ 0.01  
  

 

 

   

 

 

    

 

 

   

 

 

 

Diluted income (loss) per share

   $ (0.12   $ 0.01      $ (0.24   $ 0.01  
  

 

 

   

 

 

    

 

 

   

 

 

 

 

(1) Denominator represents weighted average number of Common Shares and Class B Common Shares outstanding.
(2) Options to purchase 861,958 and 733,120 shares of Common Stock for the three and six months ended June 30, 2013, respectively, were not included in the calculation of net loss per share as the effect would have been antidilutive. Options to purchase 536,173 and 1,682,021 shares of Common Stock for the three and six months ended June 30, 2012, respectively, were not included in the computation of diluted income per share because the options’ exercise prices were greater than the average market price of the Common Stock and, therefore, the effect would be antidilutive.