NET INCOME (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2011

6.	NET INCOME (LOSS) PER SHARE

Per share results have been computed based on the average number of common shares outstanding. The computation of basic and diluted net income (loss) per share is determined using net income (loss) applicable to common stockholders as the numerator and the number of shares included in the denominator as follows (in thousands, except per share amounts):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Basic net income (loss) per share:
Net income (loss) applicable to common stockholders	$	1,092		$	(1,938	)	$	7,591		$	(172,073	)
Undistributed earnings allocated to participating securities		(7	)		-			(44	)		-
Net income (loss) applicable to common stockholders excluding amounts applicable to participating securities	$	1,085		$	(1,938	)	$	7,547		$	(172,073	)
Weighted average common shares outstanding		68,117			59,825			68,071			43,734
Basic net income (loss) per share	$	0.02		$	(0.03	)	$	0.11		$	(3.93	)

Diluted net income (loss) per share:
Net income (loss) applicable to common stockholders	$	1,092		$	(1,938	)	$	7,591		$	(172,073	)
Undistributed earnings allocated to participating securities		(7	)		-			(44	)		-
Net income (loss) applicable to common stockholders excluding amounts applicable to participating securities	$	1,085		$	(1,938	)	$	7,547		$	(172,073	)

Weighted average common shares outstanding		68,117			59,825			68,071			43,734
Dilutive stock options and restricted stock		341			-			399			-
Diluted weighted average common shares outstanding		68,458			59,825			68,470			43,734
Diluted net income (loss) per share	$	0.02		$	(0.03	)	$	0.11		$	(3.93	)

Average diluted shares outstanding for the three and nine month periods ending September 30, 2011 and 2010 exclude the antidilutive effects of the following potential common shares (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Stock options and restricted stock		-		333		-		295
Redeemable warrants		-		8,028		-		17,234
Options to purchase common shares		1,747		1,543		1,251		1,622

Options to purchase common shares are considered potentially dilutive and excluded from computations of diluted net income (loss) per share as the exercise prices were greater than the average market price of the common shares.