EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2012

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                          September 30,				Nine Months Ended                          September 30,
(in thousands, except per share amounts)	2012		2011		2012		2011
Basic
Net (loss) income	$	(331)	$	4,959	$	1,459	$	11,963
Weighted-average common shares outstanding		37,881		37,588		37,834		37,425
(Loss) earnings per share, basic	$	(0.01)	$	0.13	$	0.04	$	0.32
Diluted
Net (loss) income	$	(331)	$	4,959	$	1,459	$	11,963
Weighted-average common shares outstanding, basic		37,881		37,588		37,834		37,425
Weighted-average effect of dilutive securities:
Stock options		—		1,078		817		1,187
RSUs		—		261		246		249
Warrants		—		3		—		3
Effect of assumed exercise of stock options, warrants and RSUs		—		1,342		1,063		1,439
Weighted-average common shares outstanding, diluted		37,881		38,930		38,897		38,864
(Loss) earnings per share, diluted	$	(0.01)	$	0.13	$	0.04	$	0.31
Outstanding options and RSUs excluded as impact would be antidilutive		1,865		27		55		27