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Earnings Per Share
3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

12.     EARNINGS PER SHARE

Basic earnings per share is computed using the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding options, RSUs, and warrants, 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 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.

 

     Three Months Ended
March 31,
 
(in thousands, except per share amounts)    2012      2011  
Basic      

Net income

   $             4,057       $             4,731   
  

 

 

    

 

 

 

Weighted-average common shares outstanding

     37,756         37,276   
  

 

 

    

 

 

 

Earnings per share, basic

   $ 0.11       $ 0.13   
  

 

 

    

 

 

 
Diluted      

Net income

   $ 4,057       $ 4,731   
  

 

 

    

 

 

 

Weighted-average common shares outstanding, basic

     37,756         37,276   

Weighted-average effect of dilutive securities:

     

Stock options

     865         1,281   

RSUs

     267         243   

Warrants

     1         3   
  

 

 

    

 

 

 

Effect of assumed exercise of stock options, warrants and RSUs

     1,133         1,527   
  

 

 

    

 

 

 

Weighted-average common shares outstanding, diluted

     38,889         38,803   
  

 

 

    

 

 

 

Earnings per share, diluted

   $ 0.10       $ 0.12   
  

 

 

    

 

 

 

Outstanding options and RSUs excluded as impact would be antidilutive

     65         24