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Net Earnings (Loss) Per Share
12 Months Ended
Dec. 31, 2011
Net Earnings (Loss) Per Share [Abstract]  
Net Earnings (Loss) Per Share

 

17. NET EARNINGS (LOSS) PER SHARE

Basic net earnings (loss) per share is computed using the weighted-average number of common shares outstanding during the period. Diluted net earnings per share is computed using the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding options, warrants and RSUs, using the treasury stock method and the average market price of our common stock during the applicable period. Certain shares related to some of our outstanding stock options, warrants, and RSUs were excluded from the computation of diluted earnings per share because they were antidilutive in the periods presented, but could be dilutive in the future.

 

    Year Ended December 31,  
(in thousands, except per share amounts)   2011     2010     2009  

Basic

     

Net income (loss)

  $ 10,108      $ (5,891   $ 32,212   
 

 

 

   

 

 

   

 

 

 

Weighted-average common shares outstanding

            37,496                37,031                36,208   
 

 

 

   

 

 

   

 

 

 

Net earnings (loss) per share, basic

  $ 0.27      $ (0.16   $ 0.89   
 

 

 

   

 

 

   

 

 

 

Diluted

     

Net income (loss)

  $ 10,108      $ (5,891   $ 32,212   
 

 

 

   

 

 

   

 

 

 

Weighted-average common shares outstanding

    37,496        37,031        36,208   

Weighted-average effect of dilutive securities:

     

Stock options

    1,609               1,297   

RSUs

    296               601   

Warrants

    3               7   
 

 

 

   

 

 

   

 

 

 

Effect of assumed exercise of stock options, warrants and RSUs

    1,908               1,905   
 

 

 

   

 

 

   

 

 

 

Weighted-average common shares outstanding, assuming dilution

    39,404        37,031        38,113   
 

 

 

   

 

 

   

 

 

 

Net earnings (loss) per share, diluted

  $ 0.26      $ (0.16   $ 0.85   
 

 

 

   

 

 

   

 

 

 

Outstanding options, warrants and RSUs excluded as impact would be antidilutive

    32        3,779        362