Basic And Diluted Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2012

Basic And Diluted Earnings (Loss) Per Common Share [Abstract]

Basic And Diluted Earnings (Loss) Per Common Share

NOTE 4 — BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

The computation of basic earnings (loss) per common share is based on the weighted-average number of common shares outstanding during each period. The computation of diluted earnings per common share is based on the weighted-average number of common shares outstanding during the period plus, when their effect is dilutive, incremental shares consisting of shares subject to stock options, shares issuable upon vesting of restricted stock units and performance share awards, stock appreciation rights, warrants and shares to be issued upon conversion of convertible debt.

The Company uses the "if-converted" method in calculating the diluted earnings per common share effect of the assumed conversion of the Convertible Notes because they can be settled in stock, cash or a combination thereof. Under the "if converted" method, interest expense related to the Convertible Notes is added back to net income, and the Convertible Notes are assumed to have been converted into common shares at the beginning of the period (or the issuance date) in periods in which there would be a dilutive effect. For the three months ended March 31, 2012, the impact of the Convertible Notes has been excluded from the calculation of diluted earnings per common share because the effect of their inclusion would have been anti-dilutive.

In periods where the Company reported a net loss, all common stock equivalents and convertible securities are deemed anti-dilutive such that basic net loss per common share and diluted net loss per common share are equal.

The following table reconciles the denominator used to calculate diluted earnings (loss) per common share:

	Three months ended March 31,
	2012		2011
Numerator:
Net income (loss)	$	440	$	(8,452	)
Denominator:
Weighted-average common shares, basic		35,953,664		34,662,648
Dilutive effect of common stock equivalents		2,696,069		—
Weighted-average common shares, diluted		38,649,733		34,662,648
	Three months ended March 31,
	2012		2011
Earnings (loss) per common share- basic	$	0.01	$	(0.24	)
Earnings (loss) per common share- diluted	$	0.01	$	(0.24	)