XML 117 R20.htm IDEA: XBRL DOCUMENT v2.4.1.9
Net Income (Loss) Per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

13.   Net Income (Loss) Per Share

The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income (loss) per share:

 

     Years Ended December 31,  
     2014      2013      2012  
     (In thousands, except per share amounts)  

Numerator:

         

Income (loss) from continuing operations

    $       4,123       $         40,155       $         (7,350)   

Gain from discontinued operations , net of tax

      0         0         153   
  

 

 

     

 

 

     

 

 

  

Net income (loss) used in computing basic and diluted net income (loss) per share

    $ 4,123       $ 40,155       $ (7,197)   
  

 

 

     

 

 

     

 

 

  

Denominator:

         

Shares used in computation of basic and diluted net income (loss) per share (weighted average common shares outstanding)

      28,246         28,190         27,735   

Dilutive potential common shares:

         

Restricted Stock and RSUs

      261         343         0   

Stock options

      637         805         0   
  

 

 

     

 

 

     

 

 

  

Shares used in computation of diluted net income (loss) per share

      29,144         29,338         27,735   
  

 

 

     

 

 

     

 

 

  

Basic net income (loss) per share from:

         

Continuing operations

    $ 0.15       $ 1.42       $ (0.27)   

Discontinued operations

      0.00         0.00         0.01   
  

 

 

     

 

 

     

 

 

  

Total

    $ 0.15       $ 1.42       $ (0.26)   
  

 

 

     

 

 

     

 

 

  

Diluted net income (loss) per share from:

         

Continuing operations

    $ 0.14       $ 1.37       $ (0.27)   

Discontinued operations

      0.00         0.00         0.01   
  

 

 

     

 

 

     

 

 

  

Total

    $ 0.14       $ 1.37       $ (0.26)   
  

 

 

     

 

 

     

 

 

  

For the year ended December 31, 2014, options to purchase approximately 1.6 million shares of common stock with an exercise price greater than the average fair market value of the Company’s stock of $10.46 per share were not included in the calculation because the effect would have been anti-dilutive.

For the year ended December 31, 2013, options to purchase approximately 979,521 shares of common stock with an exercise price greater than the average fair market value of the Company’s stock of $11.72 per share were not included in the calculation because the effect would have been anti-dilutive.

 

As of December 31, 2012, the Company had securities outstanding that could potentially dilute basic earnings per share in the future, but were excluded from the computation of diluted net loss per share in the periods presented since their effect would have been anti-dilutive. These outstanding securities consisted of the following:

 

     Year Ended December 31,  
    

2012

  

Outstanding stock options

      3,155,631   

Unvested restricted stock awards

      44,000   

Unvested restricted stock units

      708,651